KMG, CNPC agree to expand oil pipeline

During the Kazakh-Chinese Investment Roundtable, President Kassym-Jomart Tokayev said that the two countries have been effectively cooperating in oil and gas.

KAZINFORM – Kazakhstan plans to export up to 20 million tons of oil to China. Chairman of the Management Board of KazMunayGas Magzum Mirzagaliyev announced it on the sidelines of China-Central Asia Summit, Kazinform learned from the Telegram channel of Samruk-Kazyna National Welfare Fund.

According to him, at a meeting with business communities in Xi’an, JSC NC KazMunayGas and China’s CNPC agreed to expand the capacity of the pipeline, which is expected to cost about $200 million.

Earlier, during the Kazakh-Chinese Investment Roundtable, President Kassym-Jomart Tokayev said that the two countries have been effectively cooperating in oil and gas. The issues on the agenda now are the expansion of the existing oil pipelines — Atyrau-Kenkiyak and Kenkiyak-Kumkol.