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10/17/07

Kazakhstan seeks diversification of routes for energy supplies – President Nazarbayev


Astana is committed to diversifying energy export routes and counts on EU's assistance in this respect, Kazakh President Nursultan Nazarbayev said, according to Interfax-Kazakhstan news agency’s article.

Category: General
Posted by: admin

"Attention should be focused on diversification and securing stable routes for future energy supplies to foreign markets. We will stick to the principle of pursuing multi-vector policy in this regard," President Nazarbayev said at the international conference ‘Kazakhstan-2030: First Decade Results and Prospects' in Astana on Friday.

Kazakhstan "is aware of its responsibility for providing global energy balance and security in the world. We will rank among top ten hydrocarbon exporters by 2017, and this will determine Kazakhstan's economic role in the dynamically changing global economic system in the 21st century to a large extent. We count on close cooperation with the European Union in this respect," President Nazarbayev stressed.

Kazakhstan should however “provide faster growth of oil and gas advanced processing industries in order to secure swift access to markets with high added value," he warned.