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Azerbaijan to export oil products to Eastern European countries

03 June 2011 13:53 (UTC +04:00)

According to him, 50% of GDP in Azerbaijan is formed on the account of industrial sector. 51 mln tons of oil and 29 bcm of gas was extracted last year, in Azerbaijan. Most of produced products were exported to foreign markets.

According to Baylarbayov, 80% of Georgiaâ€™s oil market belongs to export in Azerbaijan: â€œAt the same time, Poland, Lithuania and Ukraine interest in development of Eurasia corridor for transportation of energy carriersâ€.

SOCAR official stressed that, SOCAR has strong positions in Mediterranean Sea market: â€œ45% of oil is sold in Mediterranean Sea, 20% - in North Africa. Weâ€™ll able to access to Belarus market, after export to Ukraine. Our later purpose is to export crude oil to the states like Czech, Slovakia and Hungary. These plans may be realized by 2015â€.

Speaking about SOCARâ€™s assets Baylarbayov noted that, the company constructed petrol stations network in Georgia, Ukraine and Romania, at the same time, exported energy products to Turkey, Russia, Georgia and Iran.

He added that, Azerbaijani government intends to move the plants outside the city and the implementation of this project will be completed by 2015.