Thursday, November 22, 2007

Romania, Kazakhstan to co-op in transporting oil

BUCHAREST, Nov. 22 (Xinhua) -- Romania and Kazakhstan will cooperate in transporting Caspian oil to European consumer markets, the Romanian and Kazakh presidents stressed in a joint press statement on Thursday.

Kazakhstan is interested in the development of the Constanta-Trieste pipeline project, said Kazakh President Nursultan Nazarbaev, who arrived in Bucharest for a two-day state visit.

The Constanta-Trieste pipeline is a five-country project for transporting oil from Caspian region via the Black Sea to European markets. The project envisages construction of a pipeline from the Black Sea port of Constanta, passing through the territories of Romania, Serbia, Croatia, and Slovenia and terminating at Trieste in Italy.

Kazakhstan anticipates an output of about 150 million tons of oil annually by 2015. Such volumes necessitate multiple export outlets, of which the route via Constanta to Italy can be an attractive one.

From Trieste, the proposed pipeline can be connected with the Trans-Alpine Pipeline Network, which links Italy with Austria and southern Germany.

Kazakhstan is much interested in the development of a pipeline linking the Caspian Sea and Black Sea ports, since "Kazakhstan cango out to Europe and to the world" via the Port of Constanta, Nazarbaev said.

Romanian President Traian Basescu said that the development of relations with Kazakhstan is a priority for Romania, saying his country also wants to increase relations with Azerbaijan and Turkmenistan.

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