Turkey and Kazakhstan Strengthen Bilateral Cooperation

Turkish President Recep Tayyip Erdogan and visiting Kazakh President Kassym-Jomart Tokayev met in Ankara to discuss ways to deepen their countries' ties, particularly in the energy sector. The two leaders highlighted the importance of energy cooperation, with Turkey seeking to increase the volume of Kazakh oil transported to global markets. They also reviewed concrete projects to advance military and defense industry cooperation, and discussed security cooperation and the fight against terrorist organizations.

Key Takeaways:

Turkey and Kazakhstan aim to expand their cooperation in key sectors, including defense, energy, trade, and counterterrorism, with energy being a cornerstone of their partnership.
Turkey has invested approximately $5 billion in Kazakhstan, while Kazakh investments in Turkey have reached $1.5 billion.
Turkish contractors have completed over 500 projects in Kazakhstan worth more than $30 billion.
Kazakhstan's trade with Turkey has surpassed $2 billion.
The two countries are in talks to increase the capacity of the Baku-Tbilisi-Ceyhan pipeline, which currently transports 1.4 million tons of Kazakh oil to Turkey.
Turkish companies are willing to work in Kazakhstan's markets and carry out major joint projects.
Kazakhstan is offering special incentives to Turkish companies for the renewal of Kazakhstan's railway system and revitalization of maritime trade in the Caspian Sea.

Statistics:

$5 billion: The amount of Turkish investment in Kazakhstan.
$1.5 billion: The amount of Kazakh investment in Turkey.
$30 billion: The value of over 500 projects completed by Turkish contractors in Kazakhstan.
$2 billion: The value of Kazakhstan's trade with Turkey.
1.4 million tons: The amount of Kazakh oil transported to Turkey via the Baku-Tbilisi-Ceyhan pipeline.

Sources:

Xinhua via COMTEX