pkpatriotic
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Kazakhstan-Caspian Oil Pipeline
Monday, December 1, 2008
Azerbaijan's state oil company SOCAR and Kazakhstan's state monopoly KazMunaiGaz have signed an agreement to transfer Kazak oil across the Caspian Sea for entry into the Baku-Tbilisi-Ceyhan (BTC) pipeline and subsequent re-export to world markets.
The Kazakhstan-Caspian Transportation System (KCTS), as the new pipeline would be called, is to enable Kazakhstan to finally double its oil export capacity, a goal that has for long eluded it. KCTS is expected to handle 500,000 bpd by 2012, rising to 750,000 bpd later.
KCTS would also be a response to Russias unwillingness or inability to implement long-discussed Caspian Pipeline Consortium (CPC) line. The CPC line takes oil from the Tengiz deposit in northwest Kazakhstan across southern Russia to the port of Novorossiisk on the Black Sea.
Monday, December 1, 2008
Azerbaijan's state oil company SOCAR and Kazakhstan's state monopoly KazMunaiGaz have signed an agreement to transfer Kazak oil across the Caspian Sea for entry into the Baku-Tbilisi-Ceyhan (BTC) pipeline and subsequent re-export to world markets.
The Kazakhstan-Caspian Transportation System (KCTS), as the new pipeline would be called, is to enable Kazakhstan to finally double its oil export capacity, a goal that has for long eluded it. KCTS is expected to handle 500,000 bpd by 2012, rising to 750,000 bpd later.
KCTS would also be a response to Russias unwillingness or inability to implement long-discussed Caspian Pipeline Consortium (CPC) line. The CPC line takes oil from the Tengiz deposit in northwest Kazakhstan across southern Russia to the port of Novorossiisk on the Black Sea.
