Kazakhstan ready to help mitigate global energy crisis, TokayevKazakhstan's President, Kassym-Jomart Tokayev, says Kazakhstan, having substantial oil reserves, is ready to expand exports to address the global energy crisis."Kazakhstan, boasting the second-largest proven oil reserves in Eurasia, stands as a significant energy supplier to global markets, with 70% of oil exports directed to the European Union. We are committed to expanding exports to mitigate the ongoing energy crisis," Tokayev said at the Berlin Global Dialogue forum.President Kassym-Jomart Tokayev outlined the promising economic opportunities arising from collaboration with Kazakhstan. He highlighted the Trans-Caspian International Transport Route, also known as the Middle Corridor, for cutting delivery times by half compared to maritime routes.President Tokayev noted Kazakhstan was the first country in the region to ratify the Paris Agreement and adopt a carbon neutrality strategy by 2060.The sector is witnessing the implementation of substantial investment projects, notably the $50 billion green hydrogen production initiative by the German-Swedish company Svevind, which aims to produce 2 million tonnes of green hydrogen annually within Kazakhstan.President Tokayev underlined that lucrative investment opportunities await exporters who are prepared to process raw materials locally. The appeal of these projects is amplified by Kazakhstan's competitive labor costs, robust government support, and affordable energy resources. (ICE ALMATY)

Fonte notizia: INTERFAX