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May 24, 2022

Romania, the biggest commercial partner of Kazakhstan in the CEE

Romania currently is the biggest partner of Kazakhstan in Central and Eastern Europe (CEE), judging by the volume of commercial exchanges, which reached about USD 2.5 bln in 2011, the chief of Kazakhstan’s diplomatic mission to Romania, Kairat Aman said in an interview with ‘Romania Libera’, shortly before the conclusion of his assignment. “This year, Rompetrol will finalise the plan aimed at increasing the capacity of Petromidia to 5 billion tons a year and also wants to expand its presence in other Black Sea countries: Bulgaria, R. of Moldova, Ukraine, Georgia. These years brought an important modernisation of the refinery, with the total investment amounting to USD 500 M,” Kairat Aman added. Speaking about the possibility of other Kazakh investments in other activity sectors, the diplomat said that, unfortunately, investments are not as big as those in the energy sector – but honestly speaking, these possibilities are only at the beginning, also because of the very long distance that separates the two countries. “Harmonising the fiscal legislation and its latest modifications can pose certain problems to the oil processing industry. Things will improve in time. I believe that companies in this sector, including Rompetrol, must closely cooperate with authorities in view of solving these problems,” Kairat Aman added.

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