Kazakhs open pipe to boost exports

The 450-km pipeline now links Kenkiyak NW wells with the two major existing pipelines from Kazakhstan to Russia, Atyrau-Samara and the Caspian Pipeline Consortium, currently shipping crude from the Caspian Sea region to Baltic and Black Sea export outlets.
We have laid a pipeline which now links a bigger number of Kazakh oil deposits with world markets, Kazakh prime minister Imangali Tasmagam-betov said at the opening of the pipeline estimated, estimated to have cost around US$160 million. The new line will initially transport six million six tonnes of crude this year, increasing to 12 million tonnes in 2006. Kazakhstan intends to increase its crude oil output in the next decade or so from the current 52.7 million tones to 150 million tonnes by 2015.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend