PRESIDENTS OF AZERBAIJAN AND KAZAKSTAN COORDINATE POLICY ON OIL ISSUES.

Presidents Haidar Aliev of Azerbaijan and Nursultan Nazarbaev of Kazakstan conferred on June 10-11 in Almaty on bilateral relations and on Caspian oil issues. The presidents and ministerial officials signed a package of economic agreements, most importantly on oil transportation. The documents envisage an immediate increase in the amounts of Kazakstani oil transported by tanker across the Caspian Sea to Baku and from there by rail and pipeline to Georgian ports on the Black Sea. Over the next decade the two countries will jointly build, in cooperation with international oil companies, a pipeline running along the bottom of the Caspian Sea from Kazakstan to Azerbaijan, with a throughput capacity of 10 million tons annually. The pipeline will link up to the projected Azerbaijan-Turkey pipeline terminating at Ceyhan on the Mediterranean.

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