06.05.2006, 18:31 2665

BTC pipeline agreement to be signed in June - D. Akhmetov

Baku. May 6. Kazakhstan Today - The agreement between the governments of Azerbaijan and Kazakhstan regarding transportation of Kazakhstan oil through Baku - Tbilisi – Ceyhan (BTC) pipeline can be signed in the second half of June. Kazakhstan PM Daniyal Akhmetov informed today in Baku, the agency reports.

The negotiations between Azerbaijan and Kazakhstan about transportation of Kazakhstan oil through BTC will be completed within May, and in the second half of June we shall do the utmost to enable the agreement to be signed by the President, PM said.

As it was informed earlier, the agreement between Azerbaijan and Kazakhstan regarding transportation of Kazakhstan oil through Baku - Tbilisi – Ceyhan (BTC) pipeline is estimated to pipe 25 million tons of Kazakhstan oil.

Negotiations between Azerbaijan party and "KazMunaiGas" about Kazakhstan joining BTC project have been conducted since November, 2002. The intergovernmental agreement between Kazakhstan and Azerbaijan about transportation of Kazakhstan oil through BTC pipeline provides creation of Aktau - Baku transportation system of Kazakhstan oil to its further transportation through BTC oil pipeline. At the initial stage transportation through BTC of 7, 5 million tons of Kazakhstan oil is planned.

BTC oil pipeline extent makes 1767 km, in Azerbaijan - 443 km, in Georgia - 248 km, and in Turkey - 1076 km. Oil pipeline capacity- 50 million tons of oil a year. BTC shareholders are the companies members of " BTC Co" (30,1 % of individual share), Unocal (8,9 %), Statoil (8,71 %), TPAO (6,53 %), Itochu (3,4 %), Amerada Hess (2,36 %), ENI (5 %), ConocoPhillips (2,5 %), Inpex (2,5 %), Total (5 %). Thus, ENI, ConocoPhillips, Inpex and Total participate in the tender of Kashagan deposit.

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