Kazakhstan and Azerbaijan discuss KCTS project.

By bne IntelliNews November 8, 2010
Kazakhstan and Azerbaijan discussed the work done on the Kazakh Caspian Transportation System project at the 7th meeting of the Kazakh-Azeri intergovernmental commission for economic cooperation. The parties noted that the work goes without hindrances and unexpected developments. However, a number of problems remained unresolved. Kazakh oil and gas minister Sauat Mynbayev confirmed that the parties had not agreed on proportion of oil to be sent to Kulevi or Batumi oil terminals located in Georgia. To remind you, Azeri SOCAR controls Kulevi oil terminal while KazMunayGas owns Batumi. The 2 facilities are strongly competing for oil and oil products being transported by the railway via the Caucasus. KCTS assumes development of infrastructure in Kazakhstan and Azerbaijan to allow for transportation of 25-56mn tones of oil per annum.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335