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BTC Co, Tengizchevroil to sign agreement on oil pumping from Tengiz field of Kazakhstan

Oil&Gas Materials 21 July 2006 18:24 (UTC +04:00)

ChevronTexaco, led by Tengizchevroil which is involved in oil production in Kazakh field Tengiz, will pump approximately 75,000 barrels of oil a day via BTC, David Woodward, the President of BP Azerbaijan, stated to a news conference on 21 July, Trend reports.

According to Woodward, at present talks on oil pumping via BTC is being cared out with Tengizchevroil. A special agreement will be signed with Tengizchevroil on oil pumping via the Baku-Tbilisi-Ceyhan (BTC) pipeline, he said.

Tengiz oil can run via BTC in 2007 РіРѕРґСѓ.

Besides, Chevron possesses 8.9% -stake in BTC and 10.3% -stake in the project on Azeri-Chirag-Gunashli fields development. According to Chevron, the cost of BTC is $4.5bn.

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