26.10.2009, 09:53 2643

President of Kazakhstan in Istanbul met Chalyk Holding management

The President of the Republic of Kazakhstan, Nursultan Nazarbayev, held a number of meetings with businessmen of Turkey in Ciragan Palace on Friday, the agency reports citing official mass media.

Almaty. October 26. Kazakhstan Today - The President of the Republic of Kazakhstan, Nursultan Nazarbayev, held a number of meetings with businessmen of Turkey in Ciragan Palace on Friday, the agency reports citing official mass media.

According to official mass media, Chalyk Holding carries out its activity in 12 countries of the world. One of the large-scale projects of the holding is construction of the oil pipeline Samsun - Ceyhan, which connects the Black and the Mediterranean Seas and construction in the Turkish port Ceyhan of an oil refining plant with the capacity of 15 million tons of oil a year.

As informed earlier, Kazakhstan and Russia have expressed readiness to participate in construction of the oil pipeline Samsun - Ceyhan. "We had supported the oil pipeline Baku - Ceyhan and now are ready to participate along with Russia in the project of the oil pipeline Samsun - Ceyhan," the head of state said.

The President reminded that now Kazakhstan annually extracts 70 million tons of oil. Oil extraction will increase in the country by 50 million tons from 2013, taking into account Kashagan oil.

According to the head of state, transit of the Kazakhstan hydrocarbons through Turkey to Europe is beneficial for both states. "Turkey is between Europe and Asia and will be a transit country. If the Kazakhstan oil and gas is transported through Turkey, it will be beneficial both for Turkey and Kazakhstan."

According to N. Nazarbayev, goods turnover between Kazakhstan and Turkey has been $3 billion. Goods turnover between Kazakhstan and Russia has been $20 billion, with the European Union - $25 billion, and with China - $10 billion.

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