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EU Closes Tender for Selecting Consultant on Trans-Caspian Oil Pipeline

Oil&Gas Materials 29 March 2008 18:59 (UTC +04:00)

Azerbaijan, Baku, 29 March / Trend corr S. Aliyev/ The European Commission closed the tender for selecting a consultant for development of documentation on initial engineering of the project on construction of the Trans-Caspian oil pipeline, a source close to the project said. Next month the winner company will be defined.

The company will have to develop within 18 months a project on transportation of oil from Kazakhstan via the Caspian Sea to Azerbaijan and its further transit.

The Trans-Caspian pipeline may be constructed in case of oil export from Kazakhstan to the world markets via Azerbaijan will exceed 20mln tons of oil per year.

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