Kazakh President Nursultan Nazarbayev considers that the renewal of Iraqi oil supplies to the world market will not influence hydrocarbon exports from Kazakhstan
Published:
5 August 2003 y., Tuesday
Kazakh President Nursultan Nazarbayev considers that the renewal of Iraqi oil supplies to the world market will not influence hydrocarbon exports from Kazakhstan.
"I think that in the near future Middle East oil, including Iraqi, will not have a significant influence on Kazakhstan. If this were the case, then Saudi Arabia, which has enormous oil potential, could have competed with us long ago, but it is still not doing so," the president said at a press briefing in Aksai.
Nazarbayev noted that the pace of development of the world economy indicates that in the coming 25 years consumption of hydrocarbons will increase 25%, therefore Kazakhstan will increase supplies to the world market. The president noted that Kazakhstan, in addition to using existing pipelines, is cooperating with China to implement a project to build a pipeline from Kazakhstan to Western China.
As reported earlier, the Kazakh president participated in a ceremony to launch the Karachaganak processing complex and the start of oil exports from new production capacities at the Karachaganak field on Friday.
Kazakh Energy and Mineral Resource Minister Vladimir Shkolnik, who is on a visit to Washington, also considers that the start of operations at Iraqi oil fields will not influence investment policy towards Kazakhstan in the U.S. and Europe.
Šaltinis:
Interfax
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »