Almost all oil produced in Kazakhstan will be transited across Russia, Kazakh President Nursultan Nazarbayev said at a meeting with Russian Prime Minister Vladimir Putin on Thursday.
That will be ensured mainly by expanding the capacity of the North Caspian oil pipeline to 67 million tons of oil a year, Nazarbayev said in Moscow.
“That is to say, practically the entire oil produced in Kazakhstan now or in the future will be transported via the Russian Federation,” he said.
For his part, Putin confirmed Russia’s readiness to share output in north Caspian oil fields with Kazakhstan on a 50:50 basis.
MOSCOW, March 17 (RIA Novosti)