Medvedev: Joint railway may have serious effect on Russian, Azerbaijani economies

A joint railway network project with Iran was discussed at the negotiations between Azerbaijan’s President Ilham Aliyev and Russia’s Prime Minister Dmitry Medvedev in Baku Apr. 8, according to the Russian official.

“It is a large and rather complex project, but if we succeed, it may give a serious overall effect on our economies,” RIA Novosti quoted Medvedev as saying while speaking to reporters.

He noted that Azerbaijan and Russia are the major players on the energy market and they have been cooperating on a number of projects for a long time.

The Russian PM said the cooperation between the two countries includes the Shah Deniz project, a new project with the participation of Rosneft and the State Oil Company of Azerbaijan (SOCAR), as well as a number of other ideas, such as those related to cooperation in the energy sector.

Medvedev added that there are also new projects related to the energy industry, as well as those related to the infrastructure sector.

Source: Trend