Kazakhstan looks at new oil export route to Europe

Kazakhstan expressed interest on the 2 March 2010 in establishing a new export route to carry its growing surplus of oil across the South Caucasus and the Black Sea to Europe, via Azerbaijan, Georgia and Romania.

The new route would help Kazakhstan reduce dependence on Russian pipelines that carry most of its westbound oil exports to market.

ESO: Background information: 11th Cooperation Council EU - Kazakhstan, 17 November 2009 http://www.europeansources.info/record/press-release-11th-cooperation-council-eu-kazakhstan-17-november-2009-joint-statement/

AboutKazakhstan.com: Kazakhstan oil industry facts and features http://aboutkazakhstan.com/about-kazakhstan-economy/oil

Website: President Nursultan Nazarbayev http://www.akorda.kz/www/www_akorda_kz.nsf/index?OpenForm&lang=en

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