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
The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday.
more »
Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday.
more »
Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency.
more »
Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies.
more »
How should the EU's farm policy be reshaped and how should it be funded after 2013?
more »
MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses.
more »
Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets.
more »
New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy.
more »
The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid.
more »
The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union.
more »