Kazakhstan Holds Talks With Azerbaijan, Georgia on Pipeline

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05.09.2008 16:55
Информационное Агентство BLOOMBERG
By Nariman Gizitdnov

 Sept. 5 (Bloomberg) -- Kazakhstan, the holder of 3.2 percent of the world's oil, is having alks with Azerbaijan and Georgia about the possible construction of an oil pipeline to
send its oil across the Caspian Sea to the Black Sea port of Batumi, Timur Kulibayev, the head of KAZENERGY Association said.

The new pipeline from Baku to Batumi, an oil terminal in which KazMunaiGaz National Co. has bought a stake, may carry 10 million tons of crude a ear, according to Timur Kulibayev, who heads Kazenergy, an Astana-based private association, which includes Chevron Corp. and BG Group Plc as members. If Kazakhstan does not get access to the BP-led Baku-Supsa pipeline, a new pipeline can be built ``quite fast,'' he said.  
 Kazakhstan plans to send as much as 23 million tons of crude across the Caspian Sea to Baku after 2013, he said. Azerbaijan is the starting point for the flow of Caspian oil and gas westward to Europe, bypassing Russia.
    BP Plc's Baku-Tbilisi-Ceyhan pipeline can carry as much as 1 million barrels of Azeri crude a day through Georgia to Turkey's Mediterranean coast. Another BP-led pipeline, the Baku- Supsa,  moves crude from Azerbaijan to Georgia's Black Sea coast.
   Kazakhstan, the second-biggest oil producer in the former Soviet Union, in 2006 bought half of the Batumi terminal to boost crude exports from the landlocked country via routes that
avoid neighboring Russia.

--Editors: Guy Collins, Will Kennedy                                                                                          

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