Modernization of Baku oil refinery will bring Azerbaijan big economic profit, President Ilham Aliyev told a meeting of the Cabinet of Ministers.

“The process of reconstruction and modernization of Baku oil refinery is underway. It is a very important industrial project. It will allow us to produce better quality oil products.”

“After the reconstruction, gasoline to be produced in Azerbaijan will meet the Euro 5 standards. It will positively influence the country's environmental situation,” President Aliyev added.