Published on Tuesday 29th September 2009
Kazakhstan plans to expand its oil production capacity from the East Kashagan project and deliver more crude oil to the Black Sea area, it has been reported.
In this light, the country has been in talks with neighbouring country Azerbaijan in order to discuss the potential for the construction of a new pipeline to transport the extra volumes of the substance.
Oil officials told a briefing that additional routes would be necessary on top of the current tanker facilities in order to deliver the oil across the Caspian Sea.
Rovnag Abdullayev, chief executive of Azeri state oil firm Socar, explained the different options available.
"It could be both the existing BakuSupsa pipeline and, if necessary, a new pipeline to the Black Sea," he commented.
Kazakhstan, which currently supplies oil to Baku, from which it is fed into BakuCeyen and BakuSupsa pipelines, said it aims to double its production, particularly from the Kashagan field.
This resource is expected to begin producing yields in 2012.
According to the North Caspian Operating Company, the first phase of the Kashagan oil field development will be 72 per cent complete by the end of 2009.
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