Kazakhstan, Germany aim to boost cooperation

Kazakhstan Materials 22 February 2023 13:18 (UTC +04:00)
Emin Sevdimaliyev
Emin Sevdimaliyev
Read more

BAKU, Azerbaijan, February 22. Kazakhstan welcomes increasing cooperation with Germany, in particular, appreciates growing trade turnover and increase in the volume of German foreign direct investments in Kazakhstan, Roman Sklyar, First Deputy Prime Minister of Kazakhstan, said, Trend reports, referring to the press service of Kazakh PM.

Sklyar made the statement in the framework of his meeting with the German Bundestag delegation headed by Eugen Schmidt, chairman of the Germany-Central Asia Parliamentary Group.

The sides discussed cooperation between the nations in trade and investment cooperation, in addition to discussing some of the prospective projects in the field of green economy and energy.

Currently, one of the key energy projects in the works is the export of Kazakh oil via the territory of Russia to Germany. The deal seems to be close to being finalized, as Kazakhstan plans to ship the first batch of oil to Germany before the end of February.

Earlier, Kazakh Minister of Energy Bulat Akchulakov said that there are no technical difficulties preventing Kazakhstan from exporting crude to Germany. The delivery of the first 20,000 tons of oil to Germany is subject to several issues, which need to be ironed out via negotiations, according to the Kazakh minister.