Greece wants to invest in Kazakh oil projects

Jun 28, 2002 02:00 AM

President Costis Stephanopoulos said that Greece wants to invest $ 500 mm in oil projects on Kazakhstan’s sector of the Caspian Sea, according to Kazakh officials. Stephanopoulos, who is on a three-day visit to Kazakhstan, made the suggestion during a meeting with Prime Minister Imangali Tasmagambetov in the capital Astana, the officials said.
It is now up to Kazakhstan to accept the Greek offer, said an official in the prime minister’s office.

The Greek president’s visit has centred around cooperation in the energy sphere. President Nursultan Nazarbayev expressed interest in a project which could transport Kazakh oil to Greece if Kazakhstan were included as an equal in the Burgas-Alexandroupolis pipeline consortium.
Kazakh experts have been invited to Athens to study the joint Greek-Russian-Bulgarian project.

Source: AFP
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