Preparation of transit agreement for BTC to complete by the end of 2006

Oil&Gas Materials 14 June 2006 18:22 (UTC +04:00)

Transit agreement to regulate various issues within the project of pumping Kazakh oil via BTC pipeline is more than an ordinary intergovernmental agreement,Trend reports quoting Natik Aliyev, Minister of Industry and Energy.

В"Upon completion of work on intergovernmental agreement for Kazakh oil transportation via BTC, the parties will start preparing transit agreementВ", - he said.

He also said this agreement is very important for Kazakh oil pumping via BTC. В"Work on this document may end by 2007В", - Aliyev concluded.

Minister said also there will be no changes in BTC launching ceremony that is surely taking place July 13. It starts in port Ceyhan and then passes to Istanbul.