Kairgeldi Kabildin, the KazMunayGas Managing Director for Oil Transportation and Services, informed Trend Correspondent in Astana that soon Kazakhstan intends to launch commercial talks for perspectives of conclusion of a transport agreement with Azerbaijan, needed for the organization of oil transportation via the Caspian through the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline.
The Mutual Understanding Memorandum on major principles of cooperation over the project on Kazakhstan Caspian Oil Transportation System, be signed this week, will enable to launch talks on commercial principles of the transport agreement.
In order to create conditions for the successful realization of the project, on June 16, 2006, a contract had been concluded between Azerbaijan and Kazakhstan on providing assistance and support in transporting the Kazakh oil via Caspian and territory of Azerbaijan to the world market through BTC.
Kazakhstan is eager to expand its tanker park for Kazakh oil transportation via the Caspian for further export to world markets via BTC.
We will purchase new tankers with the deadweight enabling commercially reasonable delivery of oil via the Caspian Sea, Mr. Kabildin said.
The Aktau-Baku corridor is established for export of oil mainly from the East Kashagan field containing around 13bln tons of reserves. Within Kazakh Caspian Oil Transportation System, it is planned to create a pipeline till Kurik Port in the territory of Kazakhstan and transport system which will comprise of the oil from terminals in Kazakh sector of Caspian, 2 oil terminals in Azerbaijan sector of Caspian, tankers and connecting the system till BTC.
The foreign companies are going to build their oil terminal in the Azerbaijan section of the Caspian Sea. French company Total, on behalf of all North-Caspian oil producers offered 5 sections where the facilities could be based. Particularly, these are areas near the Sangachal terminal, Shurabad and Bulla island. Shurabad is considered as the most favorable.