Opportunities Exist for Importing Azerbaijani Oil Products, Says Deputy PM Mher Grigoryan

YEREVAN — Deputy Prime Minister Mher Grigoryan has confirmed that during recent discussions in Gabala, he and Azerbaijan’s Deputy Prime Minister Shahin Mustafayev addressed the issue of exporting oil and oil products from Azerbaijan to Armenia.

Responding to a question from Azatutyun about whether Yerevan and Baku have already reached an agreement on the import of Azerbaijani fuel, Grigoryan said:
“Yes, discussions have taken place; there are opportunities for cooperation.”

Azatutyun also asked the Deputy Prime Minister about the possible volumes of imported Azerbaijani fuel, which Armenian companies intend to purchase oil from Azerbaijan, under what pricing framework Azerbaijan is willing to sell oil and oil products to Armenia, and whether the price would be competitive with fuel imported from Russia.

To these questions, Grigoryan replied:

“The further process related to fuel will take place within the framework of cooperation between private exporters and importers, and the conditions of any potential transactions will be market-based.”

When asked what other areas of mutual trade Armenia and Azerbaijan are discussing besides fuel imports, Grigoryan did not provide specifics, stating only that “discussions on other goods are still ongoing.”

It should be noted that on December 8, Georgia’s Ministry of Economy and Sustainable Development announced that Georgia will not charge transit fees for the first shipment of Azerbaijani oil products heading to Armenia.