ASTANA, November 6. /TASS/. Chief Executive Officer of the Kazakh oil and gas company KazMunayGas (KMG) Askhat Khasenov discussed the interaction in issues of oil transportation and transit during the meeting with President of the Russian oil pipeline operator Transneft Nikolay Tokarev in Moscow, the KMG press service said.

"The prospects of cooperation in the sphere of oil transportation and transit were discussed. The KMG chief executive noted the strategic significant of the routes of the Caspian Pipeline Consortium, Atyrau - Samara and Makhachkala - Novorossiysk, which are playing an important role in exports of Kazakh hydrocarbons. These directions proved their reliability, efficiency and economic feasibility during the long-term period of service," the press service said.

The parties confirmed their readiness in conclusion of the meeting to develop mutually beneficial partnership in key areas for strengthening the transit potential of Kazakhstan and Russia.