Bank Of Baku

Azerbaijan negotiates oil export to Czech Republic, Slovakia and Hungary

Azerbaijan negotiates oil export to Czech Republic, Slovakia and Hungary
# 04 June 2011 09:00 (UTC +04:00)
“Azerbaijan can begin crude export to Czech Republic, Slovakia and Hungary any time. There is a pipeline and we don’t need in additional construction. Everything will depend on the agreement”, said Beylerbeyov.

SOCAR official said oil refineries of these East European countries are buying Azerbaijani oil at present time, but it is supplied via Romania. “Our proposal considers alternative routes and larger export than other projects, like Odessa-Brody pipeline, which has only 10-million tones of annual export capacity”.
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