China controls almost 30 % of crude production in Kazakhstan

Nov 19, 2009 01:00 AM

China controls nearly 30 % of oil production in Kazakhstan, Kazakh Senate member Tasbai Simambayev said at the Senate meeting.
"China produces almost 30 % of local crude. There is also a gas pipeline to China," he said. "It is possible to shut the door to Europeans. We have done that before. Yet Eastern neighbours will not allow us to do that, and any sites transferred under their control will not be taken back for a thousand years," he said.

The parliamentarian suggested stopping the sale of hydrocarbon assets to China.
"We must think about the future of Kazakhstan, our children and grandchildren. Probably, we should hold strategic sites despite the crisis," he said. Other members of the Kazakh parliament made similar statements earlier.

China, which borders on Kazakhstan rich in mineral resources in the northwest, has been gradually enlarging its presence in Kazakh hydrocarbon projects. Chinese companies own a number of oil producing, transporting and refining assets in Kazakhstan. They are taking active part in the construction of the gas pipeline.
China is an important hydrocarbon market for Kazakhstan, so the cooperation is very active. Bilateral trade is mounting year to year.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« December 2020 »
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31

Register to announce Your Event

View All Events