The trade turnover between Kazakhstan and Oman made up $372 million last year
The trade turnover between Kazakhstan and Oman made up $372 million last year. Kazakh ambassador to Oman Yerzhan Mukash announced this data. Oman imports small cattle, grain, steel and pipe products from Kazakhstan. In the future, Kazakhstan's accession to the international transport corridor between Uzbekistan, Turkmenistan, Iran and Oman will contribute to the growth of freight traffic between the two countries. Later, the logistics routes will be extended to other states of the region.
YERZHAN MUKASH, KAZAKH AMBASSADOR TO OMAN:
- Oman Oil state company has been involved in the development of two deposits in Mangystau region and in Kazakhstan’s Caspian shelf since the early 2000s. Oman holds 20% of stake at each of these projects. This is a commercial secret, but, according to our National Bank’s data, 253 million of investments were attracted from 2005 to 2016.
COOPERATION BETWEEN KAZAKHSTAN AND VIETNAM
Kazakhstan is expanding economic cooperation with Vietnam. According to Beketzhan Zhumakhanov, Kazakh ambassador to Vietnam, there has been an increase in Kazakhstan's exports to the Vietnamese market over the past two years. Exports revenue has reached $146 million in the past six months. The ambassador also noted that the creation of a transport corridor between the countries will give a huge impetus to the promotion of domestic products to the Vietnamese market and later to the ASEAN countries with a population of more than 600 million people.
BEKETZHAN ZHUMAKHANOV, KAZAKH AMBASSADOR TO VIETNAM:
- We need to build a transport and logistics route. The Vietnamese trade with the EAEU by sea. They deliver their goods to the port of St. Petersburg. The delivery takes 45-50 days. What we are proposing today to Vietnam is to use its northern part. They have two railway tracks there that might bring them to Kazakhstan, Russia and Europe.