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Azari oil company may seek acquisition of oil refinery in Ukraine
Journal Staff Report

BAKU, March 28 - Transportation of oil by the State Oil Company of the Azerbaijani Republic (SOCAR) through the Odesa-Brody pipeline may become attractive if the company acquires a refinery in Ukraine, Azeri Industry and Energy Minister Natik Aliyev said Wednesday.

"The question of Azerbaijan joining the Odesa-Brody is constantly brought up. However, we already have three oil pipelines to export our oil to the world markets: Baku-Novorossiisk, Baku-Supsa and the main export route - Baku-Tbilisi-Ceyhan. If we were to become the owner of some refinery in Ukraine, along with setting up our own chain of filling stations, then it will be profitable for SOCAR to transport its oil to Ukraine, with subsequent refining and sale of oil products," Aliyev said, according to Interfax.




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