TODAY.AZ / Business

Kazakhstan to develop its sea-transport system

12 February 2007 [10:51] - TODAY.AZ
Kazakhstan, the top oil producer on the Caspian Sea, plans to spend more than $860 million over the coming years to develop its sea-transport system as the country seeks new routes to raise crude exports.

Kazakhstan has large reserves of oil and gas. Its main challenge is not finding new oil deposits but securing reliable transportation routes that would connect it with Western markets. Reuters

/The Moscow Times/


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