Russia and Azerbaijan to begin creating oil tankers

"Gazprom" and the State Oil Company of Azerbaijan (SOCAR) are discussing partnership in the "North-South" project and have agreed to expand their multifaceted strategic partnership, said Alexey Miller, head of the Russian holding company.

Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, said Russian Deputy Prime Minister Alexander Novak. "In general, there are a number of new projects, including on the Caspian shelf, which are being considered for potential joint implementation," he told RT.

Russia became the main supplier of crude oil to Azerbaijan in the first half of the year. According to official Azerbaijani statistics, from January to June 2024, Azerbaijan imported 981.38 thousand tons of oil worth $554.708 million. Of this, 87.1% came from Russian raw materials - 855.23 thousand tons worth $477.55 million (a 40.1% increase in physical terms, and a 44% increase in value). The remaining volumes of imported crude oil came from Kazakhstan and Turkmenistan.

The central laboratory of the Oil Refinery  named after Heydar Aliyev of the State Oil Company of Azerbaijan (SOCAR) has received international ISO/IEC 17025 accreditation for Euro-5 standard diesel fuel according to EN 590 test parameters.