MOSCOW, August 13 (RIA Novosti) – The Russian and Azerbaijani state
oil companies on Tuesday agreed to establish a joint venture on a parity
basis to prospect and produce oil and gas in Russia and Azerbaijan and
in other countries as Russian President Vladimir Putin paid a one-day
working visit to Baku.
Energy Cooperation During Putin’s visit – designed to discuss a wide range of bilateral issues, including trade, energy, transportation and the Nagorno-Karabakh conflict – Rosneft reported that it had also agreed with the State Oil Company of Azerbaijan Republic (SOCAR) to jointly use some pipelines and terminals to optimize supplies to consumers.
Energy Cooperation During Putin’s visit – designed to discuss a wide range of bilateral issues, including trade, energy, transportation and the Nagorno-Karabakh conflict – Rosneft reported that it had also agreed with the State Oil Company of Azerbaijan Republic (SOCAR) to jointly use some pipelines and terminals to optimize supplies to consumers.