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Kazakh and Romanian presidents to discuss oil and gas cooperation
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Monday, 26 Nov 2012

Trend cited Mr Nikolai Ureki Romanian Ambassador to Kazakhstan as saying that Mr Nursultan Nazarbayev president of Kazakhstan is expected to visit Bucharest in early 2013.

Mr Ureki said that "In early 2013, Mr Nursultan Nazarbayev is expected to visit Bucharest. A date of the visit is being specified through diplomatic channels which will be announced later."

Mr Nazarbaev and his Romanian counterpart Mr Traian Basescu will discuss new opportunities for further expanding cooperation between the two countries and particularly issues of cooperation in the oil and gas sector.

In 2007, KazMunaiGas acquired the assets of the Romanian oil company Rompetrol which gave a strong impetus to the cooperation development. Romania is able to supply oil and gas equipment to Kazakhstan and share experience on the development of agriculture.

According to the information, after Romania's joining of the EU, the situation in the country improved. Recent economic growth has been observed with the GDP increasing by 4.5% to 5.3% annually. It was the highest index in Eastern Europe. We can complement each other.

Mr Ureki noticed that the leaders of the two countries have no contradictions in any political or economic terms. The only thing now to do is to give more information to business organizations in both countries about the possibilities a joint business ventures.
According to the official data, there are 14 such ventures operating in the oil and gas sector in Kazakhstan. Five trading in furniture, clothing, shoes and medical supplies have been established in Romania.

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