Russia and Azerbaijan are potentially considering the implementation of a new project on the Caspian Sea shelf. This was stated by Deputy Prime Minister of the Russian Federation Alexander Novak. According to him, Moscow and Baku also intend to continue cooperation in the electricity sector.
"As for bilateral cooperation, we have long-standing ties in the gas and oil and gas sectors, and joint projects are being implemented. In particular, such a project known as Shah Deniz, where our Russian company LUKOIL has almost 20%, has made a large amount of investment.
We have projects related to the supply of oil and petroleum products. In general, there are a number of new projects, including on the Caspian shelf, which are being considered potentially for joint implementation," Novak said in an interview with RT.
