Turkey in a Reconnecting Eurasia by Cevikoz Unal;

Author:Cevikoz, Unal;
Language: eng
Format: epub
ISBN: 4523138
Publisher: CENTER FOR STRATEGIC & INTERNATIONAL STUDIES

KAZAKHSTAN

Turkey’s relations with Kazakhstan have developed steadily. As an energy-rich country, Kazakhstan plays an important role in Turkey’s economic and commercial links with Central Asia. Kazakhstan is also connected across the Caspian Sea to the BTC oil pipeline, which allows it to export oil to European markets and Turkey. In the first ten months of 2014, Kazakhstan exported 10.15 million barrels of crude oil through the BTC. Although Kazakhstan committed to provide around 14.66 million barrels a year, Astana planned to pump only 6.6 million barrels into the BTC in 2015, a shortfall Kazakh authorities have explained as resulting from “technical difficulties.”

The two countries also established an HLSCC in 20 12.23 Around 100 Turkish businessmen have invested some $2 billion in Kazakhstan in the food, petroleum, pharmaceuticals and chemicals, construction, hotels, health, and defense industries. Trade relations have also been developing steadily. Turkey mainly exports jewelery articles, plastic goods, construction materials, and carpets to Kazakhstan and imports crude oil, natural gas, raw and refined copper, raw zinc and aluminum, raw lead, and wheat.

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