Oil-producing states near the Caspian Sea should set up a regional oil organization similar to OPEC, Kazakh President Nursultan Nazarbayev told Interfax.
Published:
7 January 2004 y., Wednesday
Kazakhstan, Azerbaijan, and Turkmenistan are among the countries that have large oil deposits in the region and Iran is the only member of the Organization of Petroleum Exporting Countries to border the Caspian Sea.
"World experts confirm that, by and large, the reason why Arab countries and OPEC are nervous is not so much the scale of Caspian deposits as the fact that the states in the region are not members of the cartel," Nazarbayev said in an interview with Interfax in Astana.
Caspian states "should set up their own organization before it is too late," he said.
Iran, which borders the Caspian Sea, is one of the 11 members of OPEC, which was founded in 1960. Russia and Kazakhstan have sometimes attended OPEC conferences as observers.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »