Monitoring Desk: The State Oil Company of Azerbaijan Republic (SOCAR) is negotiating with Ukraine for joint production of high quality aviation fuel in Ukraine.
According to AzerNews, Ukraine and Azerbaijan are negotiating a deal for producing high-quality aviation fuel together it would help Ukraine to match sharp demand of availability of aviation fuel at its airports due to increase in passenger traffic in Ukrainian airports of Boryspil, Lviv, Kharkiv, Dnipro and Odessa.
It is pertinent to mention that President of SOCAR, Rovnag Abdullayev held talks with Ukranian President Petro Poroshenko and both discussed the prospects for the further development of the oil refining complex of the Ukrainian state.
AzerNews reports that the SOCAR President indicated that cooperation with Ukraine will become one of the priorities of his company.
Ukrainian President Petro Poroshenko during this meeting was of the view that both the countries should take full advantage of the opportunities for development and deepening cooperation, including in the energy sector.
It may be mentioned that SOCAR Energy Ukraine is running 59 refueling complexes and two oil loading bunkers located in nine regions of Ukraine and it plans to launch five new facilities in Ukraine in 2018. SOCAR is doing business in Ukrainian market since 2009 and Azerbaijan is one of the main trade partners of Ukraine among the CIS countries and trade trade turnover between Azerbaijan and Ukraine was registered as $810 million in year 2017.