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РђZERBAIJAN AND KAZAKHSTAN DECIDED ALMOST ALL ISSUES ON INTERGOVERNMENTAL AGREEMENT ON BTC

Oil&Gas Materials 22 September 2005 14:16 (UTC +04:00)

В"Рђzerbaijan and Kazakhstan practically accomplished at today’s meeting in Astana coordinating of all issues on inter-governmental agreement for loading the Baku-Tbilisi-Ceyhan (BTC) pipeline by Kazakhstan oil, the sources close to the Closed Joint Stock Company, the Oil Company (CJSC OC) “Kazmunaygaz” told Trend. The sides came to understanding, that all key issues on the future document are solved. В"The exception is slight insignificant details to be decided shortly”, the source indicated.

The “Kashagan” project stakeholders committed to pump through BTC 7, 5 million tons of oil a year since 2008-2009. The BTC pipeline’s capacity is 50 million tons of oil a year.

According to the sources, no unsettled matter will remain till the end of this or the middle of the next year. “The issues are solved at the companies top executives level “, the source pointed out.

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