London intends to help Astana find alternative routes for oil exports
London is working with Astana to diversify Kazakhstan’s economy and transport its hydrocarbons to world markets. This was announced on Saturday, March 18, by British Foreign Secretary James Cleverley.
During a press conference after talks with the leadership of the Foreign Ministry of Kazakhstan, Cleverly stressed that the parties discussed possible British assistance in the development of the “Middle Corridor” project (Trans-Caspian International Transport Route, TITR) in order to find alternative ways to export Kazakhstani oil and gas, writes Prime.
He stressed that London will continue to work with the government of Kazakhstan to explore ways to protect and diversify the Kazakh economic base. “It’s in our interest that Kazakhstan has a range of options to work with its international partners with the help of British experience and investment,” Cleverly said.
As Profile.ru reported, the President of Kazakhstan announced in November 2022 that the country was going to attract $20 billion in investments by 2025 into the development of the Trans-Caspian international transport route. head of state called development a priority transport and logistics industry.
The Trans-Caspian International Transport Route passes through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey and the Black Sea and goes further to European countries. 20 companies are members of the Association of the Trans-Caspian International Transport Route. These are ports, railway administrations, shipping and logistics companies from eight countries.