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Significant growth of partnership relations observed among CIS countries in energy export projects

Oil&Gas Materials 27 May 2011 11:39
CEO of the Samruk-Kazyna National Welfare Fund Timur Kulibayev said one can observe the activation and significant growth of partnership relations among CIS countries in energy export projects, KazEnergy reported.
Significant growth of partnership relations observed among CIS countries in energy export projects

Kazakhstan, Astana, May 27 / Trend A.Maratov /

CEO of the Samruk-Kazyna National Welfare Fund Timur Kulibayev said one can observe the activation and significant growth of partnership relations among CIS countries in energy export projects, KazEnergy reported.

"Kazakhstan and Russia are cooperating in expanding the CPC pipeline and in employing the Baltic pipeline system, while Astana and Baku are doing the same in developing the Kazakhstan Caspian oil transportation system. All the Central Asian countries are creating new capacity to develop the Asian gas pipeline to China," he said oat the 11th CIS Oil & Gas Summit running in Paris on May 25-27.

Kulibayev said Azerbaijan is expanding its deliveries of oil to the Ukraine and has begun deliveries to Belarus, including through swap transactions involving Venezuela.

"One could expand the list of such examples, but those already named make it clear how broad the CIS countries' oil and gas ties are in the world at large, and how close those ties are with each other. These examples likewise indicate the extent to which the success of regional energy projects, including when it comes to opening new markets, depends on the position of partners in the CIS and their ability to create mutually beneficial forms of cooperation," he added.

"Today none of the oil and gas exporting countries of the CIS is in a position to dictate unilateral concessions to another, or achieve one-sided advantages. Each of our countries, over 20 years of independence and interaction within the framework of the CIS, has become a strong, respected and desired partner for the global energy and investment community," Kulibayev said.

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