Kazakhstan to cooperate with Iran in Caspian Sea

The Kazakh Ministry for Investment and Development plans to sign a deal with Iran in the field of maritime merchant shipping in the Caspian Sea in 2016, the official website of the Kazakh Prime Minister Karim Massimov said.

The report reads that domestic procedures on the harmonization of the draft agreement with Iran are completed and it is planned to transfer the contract to the Iranian side.

The agreement will form a single legal framework for the development of maritime transport between the ports of Kazakhstan and Iran.

"The volume of turnover between Kazakhstan and Iran on the sea routes is about two million tons," the ministry said.

 Kazakhstan has similar cooperation agreements in the field of merchant shipping with littoral states - Azerbaijan, Turkmenistan and Russia.