The President of Kazakhstan, Nursultan Nazarbayev, met with Azerbaijani President Ilham Aliyev on 16 June, Trend reports citing the announcement by the Kazakh Presidents Administration. The meeting focused on the development of bilateral cooperation in the oil sector.
As a result of talk the two leaders signed an agreement between Kazakh and Azerbaijan on support and assistance to the oil transportation from Kazakhstan to the international markets via the Caspian Sea and Azerbaijani territory through the Baku-Tbilisi-Ceyhan pipeline.
The agreement signed testifies for high level relationships between the countries and peoples, which in fact are a model of alliance. The agreement predefines the development of the region for many years to come. The significance
of the pipeline, which Kazakhstan joined to, can be heavily valued. Now it becomes a biggest oil pumping artery of the region, Aliyev underlined.
The significance of the recently signed agreement on assurance to the transportation of Kazakh oil via the Baku-Ceyhan pipeline to world market can be hardly valued. We have gained an alternative third way for the realization of our hydrocarbons. Till 2030 all necessary terminals will be built and the capacity of the pipeline for oil pumping will be expanded. The agreement will become an important branch in the history of friendly relationships of the two countries, the nations which have much common in the history, culture and roots, Nazarbayev stated to the briefing.