Kazakhstan to increase investments to Azerbaijan after 2013: ambassador
Azerbaijan, Baku, March 19 / Trend E. Ismayilov /
Big Kazakh investments to Azerbaijan are likely to begin after 2013 with beginning of Kazakh field Kashagan's exploitation," Kazakhstan's ambassador to Azerbaijan Serik Primbetov said on March 19.
"As concerns investment to Azerbaijan, such big investments are not envisaged yet. I think these investments will begin when big oil appears, i.e. after 2013," Primbetov said.
Kashagan field is expected to be exploited over 2013-2014, he said.
Kashagan is the oil and gas filed of Kazakhstan situated in the north of the Caspian Sea.
Kashagan's resources vary from 1.5 to 10.5 billion tons. From 1.1 to 8 billion tons fell on Eastern, to 2.5 billion tons on Western and 150 million tons on South-Western.
Turnover between Kazakhstan and Azerbaijan increased 2.5 times and totals over $460 million for the last 5 years. "Turnover develops and increases. But one is always willing more, Primbetov said.
According to the Azerbaijani State Statistical Committee, turnover between Azerbaijan and Kazakhstan totaled about $4 million in January.
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