Under such circumstances, what is the likelihood of a subsea pipeline being constructed from Kazakhstan to Azerbaijan?
The number of parties who are disputing this issue has decreased. Today Russia and Kazakhstan and Azerbaijan are in agreement about the demarcation of the borders of the Caspian Sea. This is a very positive step forward from where we were two or three years ago, when there were no bilateral arrangements. We want to solve this issue on a bilateral basis. Getting an agreement between five countries is much more complex than getting an agreement between two. The process is moving forward. Today, we don’t have any problems with Russia or with Kazakhstan. The possibility of constructing a subsea pipeline is already in place; this would enable enormous amounts of Kazakh oil to flow into the Baku-Ceyhan pipeline, providing alternate access to international markets. We are in favor of such an arrangement. Of course, that decision must be made by Kazakhstan. Should they make such a decision, we will do our best to promote the idea and create the best conditions for their oil to flow in many dir
