TRANSIT FEES NOT A PROBLEM
Transit fees via the Baku Tbilisi-Ceyhan pipeline are expected to vary between $28 and 32 a ton. "Karazhanbasmunay Open Joint Stock Company (JSC) is planning to export 50% of oil produced from the Karazhanbas via the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline," Patrikh O'Mara, the company's Marketing Vice President, stated in Almaty. "According to BTC shareholders, the construction of the pipeline is due to completion by December, 2004 and we would be probably able to sign an agreement on oil transportation prior to commissioning the pipeline," O'Mara noted.
At present BTC is the most profitable for the companies as transit tariffs are expected to be reasonable. Transit tariffs for transportation of oil from the Karazhanbas field to Samara is $45 a ton, to Makhachkala - $40 a ton, via CTC pipeline - $56 a ton. Transit fees via the Baku Tbilisi-Ceyhan pipeline are expected to vary between $28 and 32 a ton.
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