Kazakhstan will supply 100,000 tonnes of vegetable oil annually to the Iranian market. The agreement was signed in Astana during a business forum. Iran, where demand for this product is high, is ready to purchase it in triple the volume. In addition, the QazTrade Trade Policy Development Center and the Iran Chamber of Commerce, Industries, Mines and Agriculture agreed to establish a transport corridor for the shipment of export goods. The two sides also reached agreements on constructing a leather-processing plant in the West Kazakhstan region, a dairy processing facility in Almaty, and a copper cathode production plant in the Karagandy region. Following the forum, entrepreneurs from both countries signed agreements worth a total of $1 billion.
«We’ve set a goal to become one of the top three global leaders in oil exports. That could bring in up to $1 billion in export revenue. Right now, we’re already in the top ten, with oil generating around $560 million,» said QazTrade CEO Aitmukhammed Aldazharov.
«We have purchased our own railcars, which allows us to ship oil directly from Kazakhstan to the port of Bandar Abbas. From there, the cargo is transferred into containers and shipped further to Africa and East Asian countries, including Indonesia and Sri Lanka,» said Kamran Hooshyar, CEO of an international transport and logistics company.
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