NEWS

President explores for Kazakh oil deal

ASTANA (AFP) – President Costis Stephanopoulos said yesterday that Greece wants to invest $500 million in oil projects on Kazakhstan’s sector of the Caspian Sea, according to Kazakh officials. Stephanopoulos, who is on a three-day visit to Kazakhstan, made the suggestion during a meeting with Prime Minister Imangali Tasmagambetov in the capital Astana, the officials said without disclosing details. It is now up to Kazakhstan to accept the Greek offer, said an official in the prime minister’s office. The Greek president’s visit has centered around cooperation in the energy sphere. On Wednesday, President Nursultan Nazarbayev expressed interest in a project which could transport Kazakh oil to Greece if Kazakhstan were included as an equal in the Burgas-Alexandroupolis pipeline consortium. Kazakh experts have been invited to Athens to study the joint Greek-Russian-Bulgarian project. Not surprisingly, Sharon endorses Bush’s course of action: The Israelis and the Palestinians are in a state of war and he has every right to seek the elimination of his enemy. Arafat is no exception.