Kazakhstan, Astana, Nov. 4 / Trend E.Ismayilov /
Azerbaijan and Kazakhstan are expected to sign a maritime transport agreement at a summit of the heads of Caspian states on Nov. 18 in Baku, Kazakh Oil and Gas Minister Sauat Mynbayev said on Tuesday following the seventh session of an intergovernmental commission on economic cooperation held in Astana. Mynbayev is the co-chair of the commission.
"We reached an agreement on maritime transport," he said. "The draft agreement is currently with the Kazakh Foreign Ministry and we hope that it will be signed at the upcoming summit."
According to Mynbayev, the intergovernmental commission agreed on quotas to begin student exchanges between Azerbaijan and Kazakhstan.
"We also discussed the opening of a branch of an Azerbaijani bank in Aktau," he said. "However, this requires the consent of the Kazakh Financial Supervision Agency."
Mynbayev stressed that the question of distributing Kazakh oil between the various ports of the Black Sea remains unresolved.
"As you know, there is Azerbaijan's Kulevi Port on the Black Sea and our Batumi Port and we have not decided on the volumes of Kazakh oil and how they will be shared between them," he said.
The sides signed a protocol following the meeting.
Do you have any feedback? Contact our journalist at: firstname.lastname@example.org