JSC NK KazMunayGaz and SOCAR are coordinating the draft of agreement Promotion and support of oil transportation from Kazakhstan via Caspian Sea and Azerbaijan using BTC system, Trend reports quoting Baktikozha Izmukhambetov, Kazakh minister of power engineering and mineral resources.
Minister said the main issue of Azeri-Kazakh cooperation in oil transportation is establishment of Aktau-Baku-Tbilisi-Ceyhan transport system to become one of basic elements of Kazakhstans fuel policy.
Minister said also both the sides shall strive to develop partnership in priority-driven spheres. First, the speech goes of transportation of hydrocarbons, chemicals and oil&gas equipment. He also considers necessary to support the companies in both the countries that plan to set up joint ventures on manufacture of oil&gas equipment, supply and erection of chemical industry machinery.
Considering Azerbaijans experience in oil&gas sphere, Kazakh side expressed its concern in implementation of high-tech projects in this sphere.
Minister stressed positive cooperation between JSC Kazakhstan Engineering with Azeri partners on supply of components for drilling rigs. In turn, Azneftkimamash and KazMunayGaz were assigned to examine and bring to the sides consideration a project on establishment of a joint venture for manufacture of oil&gas equipment in Baku.