Financiarul

On an official visit to Kazakhstan on Wednesday, Romania’s President Traian Basescu reiterated the importance of the foreign companies operating in Romania meeting their commitments and obligations pledged by them, at a meeting with executives of Romanian and Kazakh energy companies.

‘President Traian Basescu met executives of Kazakh energy companies, reaffirming the interest of the Romanian Government in stimulating a business environment that is as favourable as possible to the development of bilateral cooperation. The Romanian President reiterated the importance of the companies operating in Romania meeting their commitments and obligations pledged by them,’ reads a press release issued by the Romanian President’s Press Office.

Basescu added that the excellent level of Romanian-Kazakh bilateral relations should encourage mutual investment and specialist cooperation under projects of common interest. Also on Wednesday, Basescu met Chairman of the Kazakh Parliament U.B. Mukhamedjanov and members of the Committee on Foreign Affairs of the Kazakh Parliament.

Mukhamedjanov is quoted as commending Romania for the importance attached to relations with Central Asian countries and as thanking President Basescu for having included Astana, the capital city of Kazakhstan, among the first destinations of his official visits after being re-elected Romania’s President. Basescu is quoted as voicing trust Kazakhstan will be a successful chairman-in-office of the Organisation for Security and Co-operation in Europe (OSCE).

The press release mentions that at a private conversation on Tuesday between Kazakh President Nursultan Nazarbayev and Basescu, the two heads of state remarked that energy is the excellence field of the bilateral relationship and decided to consolidate energy cooperation as a result of Kazakhstan’s participation in the PEOP oil pipeline Constanta-Trieste.

Basescu advocated the use by Kazakh operators of Romanian oil and gas expertise and technology. Nazarbayev indicated that Kazakhstan will meet the Romanian demand for uranium. Basescu also said that Romania has supported the EU-Kazakhstan joint decision to review the existing bilateral contractual framework in order to establish an advanced partnership or conclude a new agreement between Kazakhstan and the European Union.