Turkish, Kazakh Presidents Discussed Cooperation In Energy, Investment

Turkish, Kazakh Presidents Discussed Cooperation In Energy, Investment

ANKARA, Jul 30 (NNN-TRT) – Turkish President, Recep Tayyip Erdogan, and visiting Kazakh President, Kassym-Jomart Tokayev, held a meeting in Ankara yesterday over bilateral cooperation.

Erdogan said at a joint press conference after the meeting that, they discussed ways “to increase the volume of Kazakh oil transported to global markets through Türkiye.”

He added that, Türkiye and Kazakhstan aim to expand their cooperation in key sectors, including defence, energy, trade, and counterterrorism, highlighting energy as a cornerstone of their partnership.

The two leaders also reviewed “concrete projects, to advance military and defence industry cooperation,” and discussed security cooperation and the fight against terrorist organisations, according to Erdogan.

Erdogan said that, Türkiye has invested approximately five billion U.S. dollars in Kazakhstan, while Kazakh investments in Türkiye have reached 1.5 billion dollars. Turkish contractors have so far completed over 500 projects in Kazakhstan, worth more than 30 billion dollars, he added.

For his part, Tokayev said, they “evaluated key areas of cooperation and signed important intergovernmental documents, to revitalise our ties across various sectors.”

Tokayev said Kazakhstan’s trade with Türkiye has surpassed two billion dollars. “We are ready to offer special incentives to Turkish companies, for the renewal of Kazakhstan’s railway system and revitalisation of maritime trade in the Caspian Sea,” he added.

Regarding the energy sector, Tokayev said, 1.4 million tonnes of Kazakh oil are being delivered to Türkiye via the Baku-Tbilisi-Ceyhan pipeline, and both sides are in talks to increase this capacity. “Turkish companies have expressed their willingness to work in our markets, and we are ready to carry out major joint projects,” he said.– NNN-TRT  

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