Despite being a member of the Commonwealth of Independent States (CIS), trade with Russia has actually decreased in recent years and the country’s relations with Europe have increased. The Southern Gas Corridor between Azerbaijan and Europe is also furthering this development and is an important strategic asset to the country.
Report Data: 2015
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Tier One player, Air Liquide, has signed license, engineering and guarantee agreements with the Heydar Aliyev Oil Refinery to construct a new hydrogen (H2) production unit at the Baku refinery in Azerbaijan.
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