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Kazakhstan Russia Agree Upon Quota of Oil Delivery via Burgas Aleksandropulos

Oil&Gas Materials 11 May 2007 16:02 (UTC +04:00)
Kazakhstan   Russia Agree Upon Quota of Oil Delivery via Burgas Aleksandropulos

Azerbaijan, Baku / corr. Trend V.Sharifov / Kazakhstan may receive a quota to transport nearly 17 mln tons of oil via Burgas Aleksandropulos pipeline.

The analyzer of the Argus Media International Assessment Agency, Rauf Huseynov, said on 11 May that such a possibility may appear due to the expansion of the Caspian Pipeline Consortium (CPC). The Caspian Pipeline Consortium lasts from Kazakh field of Tengiz to Novorossiysk Port. Tengiz field is operated by Oil Consortium of TengizChevroil.

The President of Russia, Vladimir Putin, highlighted the possibility to expand CPC on 10 May in Kazakhstan at a press-conference held jointly with the President of Kazakhstan. "We are thinking this over and consider that is it possible while we have reached an agreement on the construction of a new pipeline system Burgas Aleksandropulos. Significant parts of the oil which may upload this pipeline may be received from Kazakhstan," Putin said.

Increasing the Consortium's capacity from 23 to 40 mln tons per year was reported this week by the President of Kazakhstan, Nursultan Nazarbayev. "We held talks and gave appropriate tasks," Nazarbayev said. The capacity of the pipeline is 28 mln tons of oil per year. Nearly 31.1 mln tons of oil was transported via the Pipeline in 2006. Increasing the pipeline's capacity was made possible via chemical reagents. The gross capacity of the Consortium at the final stage of the project should equal 67 mln tons of oil per year.

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