An Azerbaijani-Kazakh intergovernmental agreement on joint oil transportation via the Baku-Tbilisi-Ceyhan pipeline may be signed at the summit of the Organization of Economic Cooperation (OEC) in early May.
It will be possible in case of readiness of the agreement, Trend reports citing Andar Shukputov, the Kazakh Ambassador to Azerbaijan. If the agreement is not ready by this time, it may be signed at ceremony in Ceyhan, he stressed.
According to Shukputov, the Azerbaijani-Kazakh negotiations on development of the agreement is planned to be held in Baku on 10 April. The Kazakh delegation will be led by Baktokoja Izmuhambetov, the Minister of Energy and Natural Resources.
He noted that Kairgeldy Kabildin, the Vice-President of Kazmunaygas JSC, had visited Baku in early April and expert groups discussed some issues on the agreement.
The agreement on oil transportation from Kazakhstan is necessary for 4 participants of BTC, working in the Kazakh sector of the Caspian Sea. 500,000 barrels of oil is expected to be transported through the Aktau-Baku route after 2010. It is envisaged to construct the pipeline to the Kurik village in Kazakhstan, terminal with daily capacity of 750,000 barrels and oil fleet.