Kazakhstan to increase transit of Russian oil and gas

Kazakh President Kassym-Jomart Tokayev said that Kazakhstan is ready to make full use of its transport potential and is ready to further increase transit volumes of Russian gas.

"We are interested in making full use of our transport potential and are ready to further increase transportation volumes of the Russian gas," he said.

According to Tokayev, gas industry plays a special role in the sustainable social and economic development of Russia and Kazakhstan.

Kazakhstan intends to transit over 100 mln tons of Russian oil via its territory to China by 2033, Tokayev said in an interview with Russia’s Izvestia daily.

"Around 80% of Kazakh oil is exported to foreign markets through Russian territory (the Caspian Pipeline Consortium)," Tokayev said.