Azerbaijan to likely build new oil pipeline
Kazakhstan, Astana, Sept. 25 / Trend , K.Konyrova/
On the basis of an agreement on the establishment of Caspian Oil Transportation System (COTS), Azerbaijan and Kazakhstan are discussing new opportunities to export the Kazakh oil through the country, Head of the State Oil Company of Azerbaijan Republic (SOCAR), Rovnag Abdullayev said in Astana on Sept. 25.
"The Kazakh oil in the volume of 100,000 barrels per day is transported via the Baku-Tbilisi-Ceyhan oil pipeline and by rail to the Georgian ports of Kulevi and Batumi. With the regard to the expected increase of the Kazakh oil exports via Azerbaijan in the near future, we are exploring the possibility of delivering these volumes through the Baku-Supsa oil pipeline and constructing a new pipeline," said Abdullayev.
Head of KazEnergy Association, Timur Kulibayev said that Kazakhstan would gradually export of "big oil".
"The first phase will amount to 50 million tons. We need a reliable route," said Kulibayev, Trend special correspondent reported from Astana.
He said some part of oil from the Kashagan field will be transported via the CPC pipeline.
"We have reached agreement to expand the CPC and I think before the end of the year final negotiations will begin to expand the pipeline. By 2012, it will be expanded," said Kulibayev.
"We see that there is a need for additional capacity to transport our oil through Azerbaijan and other countries. So we agreed to consider the use of the existing Baku-Supsa oil pipeline, and if necessary, to build a new pipeline in this corridor. It is too early to speak about the power and investment, the experts should come to the exact numbers," said Kulibayev.