Azerbaijan, Baku, May 20 /Trend, E.Ismayilov/
It needs to devise a special program to determine the priority spheres of cooperation between Azerbaijan and Kazakhstan, the Minister of Industry and Energy of Azerbaijan Natik Aliyev said on May 20.
"We need a special program for our priority cooperation in various spheers," said Aliyev.
Specifically, Aliyev considers the transportation of Kazakh oil via Azerbaijan as one of the priority spheres of cooperation between the two countries. In this case, further developments will depend on the proposals by the Kazakh side.
If this is the Baku-Tbilisi-Ceyhan (BTC) pipeline and is long-term cooperation, it is necessary to provide expansion plans, including capital investments, increasing the capacity of the pipeline. Now the capacity of BTC is 1.2 million barrels of oil per day.
In case of selecting long-term relationships in the field of transportation by rail to the Georgian Black Sea ports and further to the European markets, in this regard, Azerbaijan is also ready for cooperation, "Aliyev said.
Parties to BTC Co are: BP (30.1 percent); AzBTC (25 percent); Chevron (8.9 percent); Statoil (8.71 percent); ТРАО (6.53 percent); Eni (5 percent); Total (5 percent); Itochu (3.40 percent); Inpex (2.5 percent); ConocoPhillips (2.50 percent) and Hess (2.36 percent).