Kazakhstan agree to ratification of intergovernmental agreement on BTC

Oil&Gas Materials 12 June 2006 13:38 (UTC +04:00)

Taking into consideration the significance of Aktau-Baku transport corridor fro Kazakh oil export via BTC pipeline, the related intergovernmental agreement shall get ratified in Kazakh parliament, Trends special correspondent reports from Astana with reference to sources close to NC Kazmunaygaz.

В"According to the requirements of document for joining BTC, ratification of such agreement in Kazakh parliament is mandatoryВ", - said the source.

From 2008 or 2009 Kazakhstan plans to start oil export from Kashagan field to BTC. At the first stage, it will pump up to 7.5mt of oil a year into the pipe. At the later stages, the country plans raising oil export through Azerbaijan to 20mt.