Kazakhstan, Turkmenistan Intend Scaling Up Co-Op In Gas Sector
Date
9/11/2024 9:18:32 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, September 11. Kazakhstan
and Turkmengas of Turkmenistan have signed a memorandum of intent
to strengthen cooperation between the countries in the gas sector,
the Ministry of energy of Kazakhstan told Trend .
The document was signed during a meeting between the Minister of
Energy of Kazakhstan Almassadam Satkaliyev and the State Minister
of Turkmenistan, Chairman of the state concern "Turkmengas" Maksat
Babayev.
At the meeting, the parties discussed cooperation between the
countries in the gas sector and the possibility of participating in
joint projects.
Satkaliev pointed out that by joining forces, the countries can
raise the bar on mutually beneficial cooperation to a whole new
ballgame of strategic partnership.
Meanwhile, the volume of trade turnover between Kazakhstan and
Turkmenistan amounted to $237.2 million from January through June
2024. The volume of trade turnover decreased by 2.5 percent
compared to the same period in 2023 ($243.3 million).
At the same time, exports to Turkmenistan for the above period
amounted to $136.6 million, which is 24.7 percent less than the
first half of 2023 ($181.5 million). In addition, imports from
Turkmenistan from January through June 2024 increased by 62.7
percent and amounted to $100.5 million. From January through June
2023, imports amounted to $61.8 million.
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