Kazakhstan suspends transit of oil via Azerbaijan's BTC
Kazakhstan suspended the transit of its oil via Azerbaijan's Baku-Tbilisi-Ceyhan (BTC) oil pipeline, a source on oil and gas market said. Kazakhstan made this decision as it intends to transport all the possible volumes of crude via the Caspian Pipeline Consortium (CPC), which connects the fields in western Kazakhstan to Russia's Black Sea coast, said the source. "Kazakhstan won't transport its oil via the BTC in the foreseeable future or at least until late 2016 due to the expansion of CPC, which currently transports up to one million barrels of oil a day," added the source. Commenting on the possibility of exporting oil from Kazakhstan's Kashagan field via the BTC, the source said it is possible from technical point of view, but Kazakhstan wants to transport those volumes also via the CPC.
Australia's WorleyParsons becomes BP contractor in Azerbaijan
Australia's WorleyParsons was awarded a five-year contract for engineering, procurement and construction management (EPCm) services for the BP-operated assets in Azerbaijan, Georgia and Turkey, the company said.
Under the contract, WorleyParsons will provide EPCm services primarily to BP-operated Sangachal Terminal and pipeline systems in Azerbaijan, Georgia and Turkey.