Kashagan To Help Boost Kazakh Oil Supplies To China

Kashagan To Help Boost Kazakh Oil Supplies To ChinaKazakhstan supplies to China about 7 million tonnes of oil per year, but this figure can be increased to 20 million tonnes

ASTANA – Kazakhstan can increase the supply of oil to China from 7 to 20 million tonnes, the press service of Akorda reported last Monday.

Kazakhstan’s President Nursultan Nazarbayev at a briefing following the results of a visit to China said the possibility of supply of Kazakh oil to China would increase in connection with the commissioning of the largest oilfield Kashagan.

“Now we are supplying to China about 7 million tonnes of oil per year, but this figure can be increased to 20 million tonnes. We also can increase the supply of gas from to China. All of this raises a new level of trade turnover between our countries,” Akorda quoted Nazarbayev as telling a briefing.

The Kazakh President also said that at the first time the parties reached an agreement on the delivery Kazakh wheat, pulses and oilseeds, as well as meat and poultry to China.

“Thus, we open the way for our agricultural producers. I think this is very good news. However, the Chinese side has very strict requirements on the quality of goods and phytosanitary. Our farmers should be prepared for it,” Nazarbayev added.

He also said that Astana and Beijing reached an agreement on the construction of modern joint ventures in Kazakhstan. “Fifty one objects included in this list, two of which have already been built, the construction of four facilities totaling $ 2.5 billion will be completed this year. In total, over five years, we plan to build the company a total value of $ 26 billion. In addition, for support of these projects are joint Kazakh-Chinese funds, for example, the Foundation for the development of the Silk Road,” the Kazakh head of state said.

Nazarbayev said that the chairman of the State Council Li Keqiang would arrive on a visit to Kazakhstan in the near future.

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