BAKU-AKTAU SYSTEM WILL BE MANAGED BY A SEPARATE COMPANY
Two-three more companies operating in Kazakhstan expressed their interest to joint the project of Baku-Tbilisi-Ceyhan, he said. According to him, investors of Aktau-Baku system will sign a transit agreement after the governments of Azerbaijan and Kazakhstan sign an intergovernmental agreement.
For laying the Aktau-Baku system, it is foreseen to construct a terminal and a connecting pipeline in Kurikd, a port in 76 km to the southeast from Aktau. Twenty million tons of oil can be transported by means of this oil system, however the initial volumes of oil come to 7,5 million tons. The amount of investments will be determined after signing of the intergovernmental agreement. The new system will be ready till end-2006, when first oil is produced at Kashagan field in Kazakhstan.
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