Alexander Novak: Moscow and Baku Are Considering a New Project on the Caspian Shelf
Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said.
“In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT.
According to Novak, Russia and Azerbaijan have “long-standing ties in the gas sector, in the oil and gas industry, joint projects are being implemented.“
“In particular, such a project known as Shah Deniz, where our Russian company Lukoil has almost 20%, has invested a large amount of investments. We have projects related to the supply of oil and petroleum products,“ the Deputy Prime Minister said.
