ID :
82660
Fri, 10/02/2009 - 14:43
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Shortlink :
https://oananews.org//node/82660
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Azerbaijan, Kazakhstan to step up energy cooperation
BAKU, October 1 (Itar-Tass) - The Azerbaijani-Kazakh intergovernmental
economic cooperation commission discussed the priorities of and prospects
for bilateral cooperation at its sixth session in Baku on Thursday.
The session was co-chaired by Azerbaijani Industry and Energy Minister
Natik Aliyev and Kazakh Energy and Mineral Resources Minister Sauat
Mynbayev.
The two sides underscored the importance of interaction in the fuel
and energy sector, in particular, joint work by the Azerbaijani state-run
oil company and Kazakh oil company Kazmunaigaz in the sphere of
hydrocarbons transportation from the Caspian Sea basin.
In this connection, they emphasized the significance of the earlier
signed agreement on the main principles of implementing the Trans-Caspian
project, which is to lay a practical basis for long-term transportation of
Kazakhstan's oil to world markets via the Caspian Sea and Azerbaijan.
The commission recommended "looking into the possibility of transiting
oil products via Azerbaijan to terminals in Georgia's Black Sea ports of
Batumi and Kulevi within a reasonable period of time." The Batumi terminal
belongs to Kazmunaigaz, and Kuledvi, to the Azerbaijani state-run oil
company. They have an aggregate annual throughput of 20-30 million metric
tons crude oil and oil products.
Bilateral energy cooperation will be discussed at the upcoming
Azerbaijani-Kazakh high-level talks in Baku on October 2 within the
framework of Kazakh President Nursultan Nazarbayev's official visit to
Azerbaijan.
"Energy is one of the vital components of bilateral relations," Aliyev
said. He believes this sector "is a solild basis for the economic
development of both Caspian countries."
Aliyev and Mynbayev stressed the importance of using the two
countries' industrial potential on a wider scale for advancing economic
cooperation.
According to the ministers, the trade turnover between their countries
was up by 40.1 percent to reach USD490.3 million in 2008, but there still
is vast room for a further build-up of economic ties.
-0-gor/str
economic cooperation commission discussed the priorities of and prospects
for bilateral cooperation at its sixth session in Baku on Thursday.
The session was co-chaired by Azerbaijani Industry and Energy Minister
Natik Aliyev and Kazakh Energy and Mineral Resources Minister Sauat
Mynbayev.
The two sides underscored the importance of interaction in the fuel
and energy sector, in particular, joint work by the Azerbaijani state-run
oil company and Kazakh oil company Kazmunaigaz in the sphere of
hydrocarbons transportation from the Caspian Sea basin.
In this connection, they emphasized the significance of the earlier
signed agreement on the main principles of implementing the Trans-Caspian
project, which is to lay a practical basis for long-term transportation of
Kazakhstan's oil to world markets via the Caspian Sea and Azerbaijan.
The commission recommended "looking into the possibility of transiting
oil products via Azerbaijan to terminals in Georgia's Black Sea ports of
Batumi and Kulevi within a reasonable period of time." The Batumi terminal
belongs to Kazmunaigaz, and Kuledvi, to the Azerbaijani state-run oil
company. They have an aggregate annual throughput of 20-30 million metric
tons crude oil and oil products.
Bilateral energy cooperation will be discussed at the upcoming
Azerbaijani-Kazakh high-level talks in Baku on October 2 within the
framework of Kazakh President Nursultan Nazarbayev's official visit to
Azerbaijan.
"Energy is one of the vital components of bilateral relations," Aliyev
said. He believes this sector "is a solild basis for the economic
development of both Caspian countries."
Aliyev and Mynbayev stressed the importance of using the two
countries' industrial potential on a wider scale for advancing economic
cooperation.
According to the ministers, the trade turnover between their countries
was up by 40.1 percent to reach USD490.3 million in 2008, but there still
is vast room for a further build-up of economic ties.
-0-gor/str
