At the meeting, the sides discussed conditions and prospects of developing cooperation between Kazakhstan and the USA in the area of oil and gas extraction and transportation.
The sides underscored the importance of the recently solved problem of further exploitation of Kashagan that will ensure the effective implementation of the plan on its development and on beginning of industrial oil extraction by 2011. Taking into account a planned increase in oil production at other large oil fields in Kazakhstan, it is clear there will be a need for a significant increase in the capacity of the existing and for the construction of new pipelines for exporting Kazakhstan’s oil.
“President Nursultan Nazarbayev pays a special attention to the expansion of the pipeline system oriented in different directions for exporting Kazakhstani carbohydrates to different countries as this is an important condition of the successful development of both energy industry and the country’s economy. We intend to continue our broad cooperation and dialogue with the United States in enlarging the volume of our carbohydrates’ export to the world markets,” Kanat Saudabayev said.
In this context, the sides discussed prospects of increasing the capacity of KTK, Kazakhstan’s participation in the project of the Burgas-Alexandroupolis oil pipeline, creation of Kazakhstani Caspian Pipelines System and also the development of alternative transportation routes of carbohydrates.