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Kazakhstan voices its stance on Kazakh Caspian oil transport system

BAKU. August 20. KAZINFORM Negotiations on the Kazakh Caspian oil transport system (KCOTS) project entered an active phase at the end of July, Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said. The upcoming Baku meeting between Kazakh and Azerbaijani presidents scheduled for September will also focus on implementation of this project, according to diplomatic sources. KazMunayGaz (KMG) President Kairgeldy Kabildin will hold negotiations on KCOTS project. Earlier, KMG CEO Maksat Idenova was authorized to hold talks. He succeeded to fruitfully end the negotiations on Kashagan and Nursultan oil fields, sources in oil sector said. In principle, such a distribution is understandable, because Kabildin is one of the initiators of the project, a Kazakh oil worker close to the negotiations said, Kazinform cites TodayAz.


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