energy
Kazakhstan boosts oil production forecast
(SRI) - Energy officials in Astana are expecting to transport as much as 392 million barrels of oil per year through the Baku-Tbilisi-Ceyhan pipeline, UPI reported on Friday.
Kazakh Energy and Minerals Minister Sauat Mynbayev said that by 2012 as much as 392 million barrels of oil per year could pass through the Kazakhstan Caspian Transportation System (KCTS), which will link Kazakh Caspian oil fields to Baku, Azerbaijan’s capital via a system of shuttle tankers.
The $4 billion KCTS pipeline is expected to become operational by 2011.
Mynbayev said several pipeline arteries would bring more Kazakh oil to the international market.
Besides the expected increase in capacity of the CPC pipeline which runs from the Tengiz field to the Russian Black Sea port of Novorossiysk, Kazakhstan is actively exploring the Eastern option to China.
“At present, the second stage of the Kazakhstan-China oil pipeline and branches of the Kenkiyak-Kumkol (third stage) are being constructed as well, and then we will get the opportunity to transport oil from the west of Kazakhstan to China,” he said.
Energy officials in Kazakhstan said Friday they expect to transport as much as 392 million barrels of oil per year through the Baku-Tbilisi-Ceyhan pipeline.
Kazakh Energy and Minerals Minister Sauat Mynbayev said Friday that as much as 163 million barrels of oil per year could pass through the 500-mile Kazakhstan Caspian Transportation System, which crosses the Caspian seabed to Baku, Azerbaijan’s capital.
From there, Kazakhstan expects to boost oil transportation to 392 million barrels through BTC by 2012, the Trend Capital news agency reported.
The $4 billion KCTS pipeline is expected to become operational by 2011.
Mynbayev said several pipeline arteries would bring more Kazakh oil to the international market.
“At present, the second stage of the Kazakhstan-China oil pipeline and branches of the Kenkiyak-Kumkol (third stage) are being constructed as well, and then we will get the opportunity to transport oil from the west of Kazakhstan to China,” he said.
Kazakhstan says it will increase its oil production to 560 million barrels of oil and 1.5 trillion cubic feet of natural gas annually by 2010, according to UPI.
Tags: Related articles
Discussion
No comments for “Kazakhstan boosts oil production forecast”
Post a comment