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Chinese companies account for 20 percent of oil production in Kazakhstan

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Kazakh President Nursultan Nazarbayev met with his Chinese counterpart Xi Jinping on the sidelines of the Shanghai Cooperation Organization (SCO) summit held in Dushanbe, the capital of Tajikistan from Sept.11 to Sept.12, Acorda (Kazakh president's official website) said.

“During the negotiations, the presidents reviewed the key areas of cooperation in the trade, economic, investment, fuel and energy, transit, transport, cultural and humanitarian spheres,” said the message.

Nazarbayev and Xi Jinping discussed cooperation between the two countries in international and regional organizations. The sides also exchanged views on the topical issues on the international agenda.

Kazakh president praised the level of cooperation between the two countries.

“Our countries intensely cooperate in the fuel and energy sphere. Today, 20 percent of Kazakh oil is produced by Chinese companies. Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline also operates successfully,” Nazarbayev stressed.

Chinese president, for his part, emphasized the positive dynamics in the Kazakh-Chinese relations and touched upon Nazarbayev’s visit to China in May 2014.

“You paid a successful state visit to China in May 2014 and took part in the Conference on Interaction and Confidence Building Measures in Asia (CICA),” Jinping said, adding that the bilateral agreements reached in the international and regional organizations are actively implemented.

He stressed that China is ready to make every effort to ensure the continuous cooperation between the two countries.

Nazarbayev congratulated President Xi Jinping with the upcoming 65th anniversary of the founding of the People’s Republic of China and wished success and prosperity to the Chinese people.

September 15 2014, 11:04

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