Friday, May 28, 2004

Kazakhstan to construct a pipeline through Iran

Description of Selected News: "ALMATY (FT)-- Kazakhstan would like to construct a pipeline through Iran to the Persian Gulf as the main outlet for its natural resources, the country's president said.
Nursultan Nazarbayev said in an interview with the Financial Times he thought a southern route for his oil reserves was 'the most attractive' both for his country and for U.S. companies that operated there. He said the current political relationship between the U.S. and Iran made such a project impossible, but he was hopeful ties would improve. 'It would be better than Baku-Ceyhan, better than China, better than Russia,' he said, referring to the country's existing infrastructure links. 'It would be the best exit for us.'"

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