ECONOMY


“KARAZHANBASMUNAI” PLANS TO TRANSPORT OVER 50% OF BTC OIL

The “Karazhanbasmunai” SC plans to transport through Bku-Tbilisi-Ceyhan MEP over 50 percent of the oil produced at the Karazhanbas oil field, vice-president on marketing of this Company Patrick O’Mara said on 22 December in Almati.

According to the date provided by the auctioneers of the BTC pipeline, the construction should be completed in December 2004, and I think that up to commissioning of the pipeline we can sign an agreement on transportation of our oil, O’Mara stressed. He considers that “currently the said direction (Baku-Ceyhan) is the most profitable for the Company, because transportation of oil is suggested in reasonable limits”.

At his words, cost of transportation of oil from Karazhanbas to Samara makes up 45 USD per ton, to Mahachgala – 40 USD per tone, through the pipeline of KTK – 56 USD per ton. Meanwhile, tariff for transportation of the oil through BTC pipeline is proposed at 28-32 USD.

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