Thursday, January 10, 2008
Kazahstan to increase its oil export after Azerbaijan’s oil reserves go down
14 December 2007 - APA - Kazakhstan doesn’t rush to pump its oil through the Baku-Tbilisi-Ceyhan Pipeline, Kazakh President Nursultan Nazarbayev told a joint conference with his Turkish counterpart Abdullah Gul. “Kazakhstan will be among top five exporters after 2012. By that time the volume of Azerbaijan's oil reserves will reduce signicantly. Construction of seaports on the Caspian Sea is currently under way under agreements with Azerbaijan. Kazakhstan will increase its oil export after Azerbaijan’s oil reserves go down. We are considering various routes of oil transportation”, he added.