Kazakhstan interested in using Latvian ports to transport its oil

Oct 08, 2004 02:00 AM

Kazakh President Nursultan Nazarbayev said it is important for Kazakhstan to invest in Latvian ports to transport Kazakh oil to world markets.
The port of Ventspils has "very large possibilities" for transporting Kazakh oil, Nazarbayev said on the results of talks with Latvian President Vaira Vike-Freiberga in Astana.

Kazakh oil is currently transported via the North Caspian pipeline (the CPC Tengiz-Novorossiisk pipeline). But in several years Kazakhstan "will need new routes to transport oil and we are counting on Baltic ports, including Latvian ones," Nazarbayev said.
The development of this oil transportation route is currently being restrained because of unregulated transport tariffs from Russia, Nazarbayev said.

However, Russia and Kazakhstan are considering this issue in the framework of the Eurasian Economic Community (EurAsEc) and synchronized action for the accession of Kazakhstan and Russia to the World Trade Organization, Nazarbayev said.
"I think this issue will be lifted with accession to the WTO," Nazarbayev said. The issue of a three-sided discussion, with Russian participation, of a project to transport Kazakh oil via Russia to Latvian ports was touched upon in the talks with Vike-Freiberga, he said.

Source: Interfax
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