China producing “20 Percent” of Kazakh Oil
Kazakhstan
DUSHANBE, September 17, 2014 – On Thursday, 11 September, President Nursultan Nazarbayev announced that Chinese companies were producing 20 percent of all Kazakh oil.
Speaking at the Shanghai Co-operation Organisation summit in Dushanbe, Tajikistan, Nazarbayev said, “Our countries intensely cooperate in the fuel and energy sphere. Today, 20 percent of Kazakh oil is produced by Chinese companies. Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline also operates successfully.”
Also at the event Communist Party of China General Secretary Xi Jinping vowed to intensify bilateral co-operation with Kazakhstan in the spheres of fuel and energy, trade and investment.
In addition, the two state leaders agreed to place greater emphasis in turning the Silk Road Economic Zone into reality. Kazakhstan is in the process of becoming a transit point for Chinese commodities produced for Western consumers.
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