16 октября 2014 19:18

Kazakhstan to export oil to China and Iran should anti-Russian sanctions escalate

Kazakhstan is considering options to exports oil through China and Iran should the sanctions against Russia escalate, Tengrinews reports citing IA Novosti-Kazakhstan.

The Ministry of National Economy of Kazakhstan said that China and Iran were the possible alternative routes to the Russian direction.

"The current situation suggests that the anti-Russian sanctions will not involve blocking of oil and gas deliveries from Russia to the EU, including the Kazakh oil that is shipped through Russian pipelines. However, options to diversify the oil export routes are being considered, and China's large market holds the most promise for Kazakhstan. Iran is another alternative," the Ministry said.

Yet another possibility is to transport oil from Kazakhstan’s Aktau port via the Caspian Sea to Azerbaijan.

Earlier, the Minister of National Economy Yerbolat Dossaev said that Kazakhstan was prepared to face further toughening of the Western sanctions against Russia.

West China CIS Energy gas Iran Kazakh Kazakhstan news Oil Russia sanctions Central Asia

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