Kazakhstan, Astana, May 26 /Trend, A.Maratov/
The annual rate of oil and gas supplies from the CIS to the world market could increase by more than one and a half times by the end of the current decade, the head of the Samruk-Kazina National Welfare Fund Timur Kulibayev said Thursday, whose words were quoted by the press-service of KazEnergy JSC.
"By 2020, the annual rate of oil and gas supplies from the CIS to the world market will increase by more than one and a half times, from 358 million tons of oil and 237 billion cubic meters of gas in 2010 on the condition of realization of all pipeline projects and transportation of new hydrocarbons via them," said Kulibayev, giving a speech at the 11th CIS Oil and Gas Summit, which takes place in Paris these days.
According to him, increasing the supply will be achieved due to the fact that the CIS countries are planning to run at least two new pipelines in only the western direction, and expand the capacity of even the existing two ones, and in the eastern direction - to increase the flow of oil through the existing infrastructure by several times," said Kulibayev.
According to Kulibayev, a similar example is observed with the pipelines that are planned for the west and east from the CIS.
"A significant role is will be played here by Gazprom, a long-term partner of Kazakhstan in the export of "blue fuel". At the same time, our country provides a balance by developing gas cooperation with China to enter its perspective market," said Kulibayev.
He said the implementation of most of the existing pipeline projects in the oil sphere will boost in Kazakhstan to the top five oil exporters, and the CIS, as a region of production, to second place after the Persian Gulf.
The 11th CIS Oil and Gas Summit, which takes place in Paris from 25 to 27 May, has coincided with the 20th anniversary of the Commonwealth. The summit focuses on the present situation and prospects of oil and gas industry of the Commonwealth, the current situation and obstacles to increasing the role of this part of the world in world trade in energy products, the impact of these processes on the opportunities for foreign investors in the new decade.