KAZAKHSTAN

The volume of transportation of Kazakh oil for export from the port of Aktau amounted to 3.376 million tons from January through 2023, which is 1.108 million tons more than the same period in 2022, stated KazTransOil JSC - the oil pipeline company of the Republic of Kazakhstan that provides services for transporting oil to the domestic market, for transit purposes, and for export.

Kazakhstan is working to develop its section of the Trans-Caspian International Transport Route (TITR, or Middle Corridor), Trend reports.

According to official figures, 2.5 million tons of goods were transshipped through the seaports of Aktau and Kuryk along the TITR route in 11 months of 2023, a 107 percent increase over the previous year.

In 2023, Kazakh oil was carried along the Middle Corridor for the first time.

Azerbaijan is heading into 2024 with a solid boost in investments, holding the seventh spot on the list of prime destinations for foreign direct investment (FDI) in the coming year, Trend reports.

According to the annual FDI Standouts Watchlist research, Azerbaijan's consistent macroeconomic indicators played a critical role in making the country one of the top alternatives for FDI on a worldwide scale.

Dear Compatriots, Distinguished Members of Parliament and Members of the Government,

In accordance with Article 59 of the Constitution of the Republic of Kazakhstan, I declare the second session of the Parliament of the VIII convocation open.

Dear Members of Parliament,

Congratulations to all of you on the opening of this next session, and I wish you success in your responsible endeavors!

Kazakhstan considers it necessary to open direct flights with Albania, President of Kazakhstan Kassym-Jomart Tokayev said during a meeting with President of Albania Bajram Begaj, Trend reports.

Some 245,000 tons of non-ferrous metal products were transshipped through Baku Port from January through July 2023, which is 85 percent higher year-on-year, Trend reports.

According to the port's data, the bulk of metal products (aluminum, zinc, cathode copper) was received by the Port from Kazakhstan.

The total volume of transported non-ferrous metal products for the same period last year exceeded 132,000 tons.

AzerTelecom and Kazakhtelecom leading telecommunication operators of Azerbaijan and Kazakhstan continue joint efforts in implementing the Trans-Caspian Fiber Optic cable line, which is one of the major components of mega Digital Silk Way project.

The Minister of Industry and Infrastructure Development of Kazakhstan, Marat Karabayev, introduced to the Minister of Transport and Digital Development of Azerbaijan, Rashad Nabiyev, the draft road map for the development of the Trans-Caspian International Transport Route (TITR), which is planned to be signed by its participants.

Kazakhstan and Azerbaijan are reviewing possibilities for launching oil transportation via the Baku-Supsa route, Almassadam Satkaliyev, Minister of Energy of Kazakhstan, told journalists on the sidelines of the government meeting, Trend reports.

Kazakhstan plans to deliver 100,000 tons of oil to Germany through the “Druzhba” pipeline in August this year.

This was announced on Sunday by the press service of the Ministry of Energy of the Republic of Kazakhstan.

According to the information, it is planned to transport oil in the direction of PSN “Samara” for its further delivery in the direction of “Adamova zastava” (Poland - Germany) from the resources of the company "Karachaganak Petroleum Operating" B.V.