Kazakh minister: Direction of Kazakh oil transportation being worked out

Azerbaijan, Baku, Oct. 7 / Trend E.Ismayilov S.Suleymanov /

Work is underway to elaborate the directions in which Kazakh oil under theTrans-Caspian System could be transported, Kazakh Oil and Gas Minister Sauat Mynbayev said on Tuesday at the Fifth Eurasian Forum KAZENERGY in Astana. The Trans-Caspian System will transport Kazakh oil through Azerbaijan.

Mynbayev said the implementation of the system is linked with the second stage of development of the Kashagan field in 2018-2020.

"In the second phase of the Kashagan we link with the Trans-Caspian direction with access to the Baku-Tbilisi-Ceyhan oil pipeline, and, separately, to the Black Sea ports. These lines are already actively being worked with the establishment of a joint company with Azerbaijan to develop a feasibility study for this project," he said.

The national oil companies of Kazakhstan and Azerbaijan - KazMunaiGaz and SOCAR - signed an agreement to establish a Trans-Caspian System in Baku in late 2008. At the initial stage, it must provide the possibility of transporting the Kashagan oil via the Caspian Sea and the Caucasus to world markets in a volume of 23 million tons with a subsequent increase to 35-56 million tons per year.

The Trans-Caspian System is intended for marine oil transportation from Kazakhstan to Azerbaijan across the Caspian Sea to the Baku-Tbilisi-Ceyhan system and includes oil loading terminal on the Caspian shore of the Republic of Kazakhstan, tankers and ships, oil offloading terminal on the Caspian shore of the Republic of Azerbaijan, and connection facilities to the Baku-Tbilisi-Ceyhan system.

The project participants agreed on its expansion, Mynbayev added. A final investment decision will be taken by late 2010 and the start of construction is scheduled for March-April next year. The expanded tube quota of Kazakhstan will be increased from 27 million tons to 52.5 million tons.

Regarding the Kazakhstan-China pipeline, Mynbayev said its capacity is 10 million tons per year. The sides signed an agreement to expand the capacity up to 20 million tons. The figure is expected to reach 12 million tons a year in 2011, he said.

The Turkmenistan-China transit gas pipeline, with capacity of 30 billion cubic meters, was commissioned in 2009. Kazakhstan intends to join it through the construction of the domestic gas pipeline Beyneu-Shimkent with pumping capacity of 10 billion cubic meters

At the initial phase, this route is expected to pump 5 billion cubic meters The main objective is to ensure south of Kazakhstan with gas. In this case, the pipeline can perform a function to export the gas.

Do you have any feedback? Contact our journalist at: capital@trend.az

28 Kazakhstanis died from COVID-19 on Sep 14-20
28 Kazakhstanis died from COVID-19 on Sep 14-20
Kazakhstan to greatly increase level of automation of public services
Kazakhstan to greatly increase level of automation of public services
Germany increases export volumes to Kazakhstan despite COVID-19
Germany increases export volumes to Kazakhstan despite COVID-19
Loading Bars
Latest
28 Kazakhstanis died from COVID-19 on Sep 14-20
Valentina Matviyenko: Azerbaijan has been and remains strategic partner for Russia
U.S. COVID-19 deaths top 200,000 -- Johns Hopkins University
MP: Azerbaijan to give worthy response to any provocations of Armenia
Azerbaijani finance ministry’s securities in great demand
Cargo transportation volume through "Middle Corridor" by late 2020 disclosed
China's exports of flat-rolled products of non-alloy steel to Georgia down
Georgian expert: Azerbaijan harmoniously combines three world religions
Geostat reveals volume of Russian export to Georgia
Speaker of Azerbaijani parliament meets chairperson of Federation Council of Russian Federal Assembly (PHOTO)
Georgia reveals volume of processed grapes by regions
Georgia reveals export statistics of major goods to Russia
Israeli city vice-mayor: Azerbaijan highly appreciates tolerance
Baku Port: New transport corridors of Caspian Sea increases Middle Corridor's role
Iranian Energy Exchange announces products to be on sale September 23
French Development Agency to fund construction of Uzbek hydropower plants
Review of Georgian exports to China
Red Cross representatives visit Dilgam Asgarov, Shahbaz Guliyev
Turkish president: Armenia - biggest obstacle to peace in South Caucasus
Kazakhstan to greatly increase level of automation of public services
Azerbaijan's AzInTelecom supports creation of new mobile app
Purchase of wheat in Iran's Sistan and Baluchestan Province completed
Uzbekistan permits flights for Abu Dhabi low-cost airline
Georgian company AgroKartli expect to increase apple crop
New ambassador of Netherlands to Azerbaijan arrives in Baku
Azerbaijan eyes to open two more DOST Centers till late 2020
Azerbaijan's ADY Express reveals cargo handling volumes via BTK railway
Georgian Railway sees increase in cargo transportation
Germany increases export volumes to Kazakhstan despite COVID-19
Industrial production to be increased in Uzbek regions
Uzbekistan boosts import of grain, legumes from Turkey
Azerbaijani First VP Mehriban Aliyeva attends opening of new kindergarten (PHOTO)
ADIF discloses amount of сompensations made to clients of closed banks
Kazakhstan Air Astana to resume direct flights to Russia
IRI's International Assessment Team Arrives Ahead of Georgia’s Parliamentary Elections
Iran’s NISOC can increase extraction coefficient
Kazakhstan's progress on cereals and legumes harvesting revealed as of Sept.22
Bahar Azadi gold coin price climbs
Azercosmos begins cooperation with ViewMedia
National Bank of Georgia to sell funds at foreign exchange auction
COVID-19 pandemic negatively affects Georgian Sarajishvili's company
Ceramic plant being prepared to launch in Turkmenistan’s Lebap region
Iran Customs Administration to facilitate release of imported goods
Azerbaijan to upgrade local hydrological networks
Construction of new apartments across Iran's towns going full speed
Int'l community must stop terror carried out by Armenia against Azerbaijan - Lebanese lawyer
Review of Georgian livestock export to Azerbaijan
More Kazakh citizens sent back home from Azerbaijan by sea
Azerbaijani First VP Mehriban Aliyeva attends opening of new building of Children’s Art School in Bulbula settlement (PHOTO)
Georgia plans to create low-cost airline
Volume of cotton fiber exports from Azerbaijan revealed
Turkmengas to purchase chemical products via tender
Iran discloses number of small mines restored
Uzbekistan considers joining research of vaccine for COVID-19
Iran increases amount of foreign currency assigned to importers
Siemens sees market value of energy spin-off above $20 billion
Produce in Georgia agency to begin accepting applications for its Micro and Small Business Support Program
Uzbekistan increases electric cars import
Iran’s Khouzestan Steel Company reaches new production level record
“Protect the Caspian Sea” with support of Bakcell and its partners (PHOTO)
Updates on Uzbekistan’s nuclear progress
EY Azerbaijan officially announces the start of the ‘EY Entrepreneur Of The Year™’ 2020-2021 competition
Subsidiary of KazMunayGas to buy diesel fuel via tender
Cement imports by US from Turkey slightly up amid COVID-19 pandemic
IMF: Economic growth in Uzbekistan to be positive due to growth in construction sector
Azerbaijan's CBA discloses amount of foreign currency bought by local banks
Russia lowers import of Turkish clothes
Geostat reveals volume of citrus fruits exported by Georgia to Azerbaijan
Romanian WEVO company implementing state projects in Azerbaijan (PHOTO)
WTL ready to implement new project in Turkmenistan
Review of Georgian corn export to Azerbaijan
Azerbaijan has right to liberate its lands by military means - Turkish general
Azerbaijan confirms 113 more COVID-19 recoveries
Value of exports from Iran's Maragheh County revealed
Georgian corn oil to enter local market
ROMGAZ moves towards becoming active player on natural gas distribution market
Azerbaijan's Energy Ministry reveals data on gas production, export
Iran reveals its COVID-19 data for September 22
Youth Union of New Azerbaijan Party issues appeal regarding Armenian provocation
PACE rapporteurs welcome decision to release Tofig Yagublu to house arrest
Oil rises on expectations demand can survive new lockdowns
Azerbaijan reveals oil production, export figures for ACG, Shah Deniz field
Electricity potential of Iran's thermal power plants up
Demand for Turkish electrical goods in China down
Turkmenistan, France's MEDEF considering priorities for infrastructure dev't in country
Greece plans to properly exploit fact of receiving natural gas from Azerbaijan
Iran inaugurates new healthcare centers
Kazakhstan's postal service operator to buy spares via tender
Documents on archiving pension files to be in e-format in Azerbaijan
Kazakhstan, France trade down twofold amid COVID-19
Iran’s Tehran Oil Refining Company to boost its capital
Microsoft Azerbaijan talks about cybersecurity within country
Azerbaijani president congratulates King of Saudi Arabia
Azerbaijani president’s interview to local TV channels in spotlight of foreign media
Armenia - threat to international peace and law, Iranian lawyer says
Italian geopolitical analyst: Azerbaijan is a platform of intercultural, intercivilizational dialogue
Group of insurance experts created in Azerbaijan
Two types of overpasses built on Georgian section of BTK
Equinor increases its improvement ambition by 50%
Gold price declines in Azerbaijan
All news