ECONOMY
ELABORATION OF AGREEMENT ON TRANSPORTATION OF KAZAKH OIL VIA BTC COMES TO AN END
As correspondent of AzerTAj was told, this was stated on February 3, by executive director of the Company "Kazmunaygaz" Sabir Isimbekov. As he noted, process of the work of experts of the two countries on the agreement "is well conducted" and is "at the phase of coordination of some legal aspects and commercial conditions of joining this project by the foreign oil companies working in Kazakhstan".
Mr. Isimbekov expressed confidence that "in the near future the sides will start to work already on the joint document". As he said, one of the principles by which the Kazakhstan side in work over the agreement is guided, is multi-variant approach of use of the oil pipelines for transit of its oil. The same approach operates and concerning the right of use in the future of the pipelines of Baku-Novorossiysk and Baku-Supsa. Executive director of "Kazmunaygaz" informed also that in Kazakhstan was cretade a new Company "Teniz Service", primary goal of which is creation of "coastal infrastructure", that is, specifications for transportation of oil. However, each of the countries has originally prepared own variant of the intergovernmental agreement on joining by Kazakhstan to the BTC Project, but as representatives of the sides repeatedly emphasized, "their fundamental positions in the whole coincide".