‘Sounds like a nice fairy tale, but…’ – Robert Kocharyan on Azerbaijani gasoline

If you look at what is happening in the global oil market, you will see that recently exports from Saudi Arabia, Brazil, the United States, and Canada have significantly increased, leading to a drop in oil prices, Armenia’s second president, Robert Kocharyan, said during a press conference.

Kocharyan dismissed the claim that importing gasoline from Azerbaijan could substantially reduce fuel prices or be a vital necessity.

“Azerbaijan has only one large oil refinery, and its capacity barely meets its own needs. For example, last year Azerbaijan imported around 120,000 tons of premium gasoline from Russia. This means the country does not have a surplus of fuel that it could export. The talk of cheap gasoline is simply meant to calm or mislead people. It sounds like a nice fairy tale, but…” he said.