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Turkey interested in development of Kazakhstan's oilfields

Oil&Gas Materials 13 May 2022 16:55 (UTC +04:00)
Turkey interested in development of Kazakhstan's oilfields
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, May 13. Turkey is interested in development of Kazakhstan's oilfields, Minister of Energy of Kazakhstan Bulat Akchulakov said, Trend reports citing the Kazakh media.

"I met with my Turkish colleague as part of the visit to the country. We surveyed the progress of construction of a nuclear power plant in Turkey, discussed oil supply issues, and participation of Turkish companies as investors. Since 2010, Turkey and Kazakhstan have not developed any joint projects in the oil sector. This issue was also addressed during the meeting,” said Akchulakov.

According to him, Turkey is interested not only in oil delivery, but also in the development of oilfields as it tries to diversify its imports.

“Besides the Caspian Pipeline Consortium (CPC), Transneft, and rail shipments, maritime transport may be considered as an alternative route. Finding alternative options for oil transportation will take several years. Currently, Turkey consumes nearly one million barrels of oil per day,” the minister stated. “We are aware of our capabilities. Thus, Turkey is already purchasing Kazakh oil".

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