...

Kazakh energy & natural resources minister to arrive in Baku

Oil&Gas Materials 3 April 2006 18:22

The Azerbaijani-Kazakh negotiations on the agreement on transportation of Kazakh oil through the Baku-Tbilisi-Ceyhan pipeline will be held in Baku till 10 April. The Kazakh delegation will be led by Baktikoja Izmuhambetov, the Energy and Natural Resources Minister, the Kazakh Ministry told Trend.

The Azerbaijani and Kazakh ministries injected some changes and to the draft agreement, drawn up by the national oil companies of the countries. These issues are supposed to be unified during the forthcoming talks

.

In Azerbaijan the changes are considered by special state commission, established to work on agreement with Kazakhstan.

4 participants of BTC working in the Kazakh sector of the Caspian Sea need the agreement on oil transportation from Kazakhstan. In the framework of the project 500,000 barrels of oil is expected to be transported via the Aktau-Baku route per day after 2010. The project also envisages construction of the pipeline, 750,000 barrels terminal and establishment of oil fleet in the territory of Kazakhstan. Foreign companies allege that construction of 5 tankers is more expedient, but it requires construction of piers. Foreign companies intend to construct own terminal in the Azerbaijani sector. Coming out on behalf of the all North Caspian oil producers, French Total proposes several sites for the object, particularly, Pirsagat, near the Sangachal terminal, Shurabad and Bulla Peninsula. They regard Shurabad as more favorable site.

Latest

Latest