Azeri, Kazakh energy ministers to meet in Baku

Oil&Gas Materials 28 April 2006 11:33 (UTC +04:00)

The Kazakh Energy Minister Baktikoja Izmuhambetov plans to start a meeting with the Azerbaijani Energy and Industry Minister Natik Aliyev on 28 April, Trend reports. The sides will discuss bilateral cooperation and the development of an international agreement on joint oil pumping via the Baku-Tbilisi-Ceyhan (BTC).

An Azerbaijani-Kazakh intergovernmental agreement on joint oil transportation via the Baku-Tbilisi-Ceyhan pipeline might be signed either at the summit of the Economic Cooperation Organization (ECO) in early May, or during the official sanctioning ceremony of the BTC in July.

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