The African Resource Network (AfResNet)

MANAGED BY

Whitehouse & Associates

Mbendi Information Services

Subscribe
If you wish to send an E-mail message regarding this news item click the 'Respond' button at the foot of the page
International Trade News - Item [104031]: News Release
Italy, Kazakhstan sign new commercial agreements
Italian prime minister Silvio Berlusconi and Kazakhstan president Nursultan Nazarbayev have signed new commercial agreements aimed at boosting bilateral ties.

The deals focus on energy, transport and technological partnerships.

Italy's oil giant Eni and Kazakh state company Kaz MunayGas agreed to cooperate in research and gas exploration in Kazakhstan, while GE Oil & Gas, an Italian subsidiary of General Electric, signed an accord with Kazakhstan's sovereign wealth fund for a joint venture to develop gas resources and delivery via Kazakstan and Azerbaijan.

Italy's public railway, Ferrovie dello Stato, will help in the construction and development of the Kazakh national transport network.

Kazakhstan has vast oil and mineral resources and bilateral trade between Italy and Kazakhstan is worth 13 billion dollars a year. There are currently 130 Italian companies doing business in Kazakhstan.

Topics: Agreement Countries: Italy; Kazakhstan
Industries: Trading
Reference: Xinhua Contact E-mail Address: YES
Date Posted: 06.Nov.2009 08:31:00 [GMT+2:00] Expiry Date: 01.Nov.2019
© AfResNet