STATOIL PROBABLY TO PARTICIPATE IN CONSTRUCTION OF ACTAU-BAKU PIPELINE WITHIN BTC PROJECT
(Kazakhstan today ) вЂ" вЂњThe Norwegian Statoil State Oil Company does not exclude participation in the construction of the Actau-Baku pipeline within the Baku-Tblisi-Ceyhan (BTC) project,вЂќ Per Einar Rettedal, the manager general of the Statoil on Kazakhstan, told Trend.
According to Rettedal, they will consider several options on the transportation of the Kazakh hydrocarbons from Actau to Baku after signing of the agreement on KazakhstansвЂ™ joining the BTC project. The Statoil Company is ready to participate in the work on construction of the pipeline through the bottom of the Caspian Sea,вЂќ he added.
Besides, he underlined that the company holds a special up-to-date vessel and able to lay the pipes both on the seabed and surface. There is also a mini-plant manufacturing pipes on the vessel.
Rettedal noted that the Statoil Company holds 8.71 of shares in the BTC export project.
The BTC, which was put into exploitation in 2005, will allow the participants of the project to export 1m barrel oil in a day.