Kazakhstan studies terms of BTC project

24.05.01 00:00
/IRBIS, May 24, 01/ - According to GSRW, KazTransOil Vice President Kairgeldy Kabyldin said at the yesterday's press conference that the Baku- Tbilisi-Ceyhan project is currently at the stage of conceptual engineering. The official noted Kazakhstan has formed a group of interested companies who are currently assessing the project terms. KTO is a working body of an interdepartmental committee which was formed to study potential export routes and pipeline projects. The committee held consultations with oil companies, and an agreement was concluded on the joint research of the Kazakhstan-Turkmenistan-Iran project. Increasing oil transit across Russia is also considered. In particular, a project for the Kenkiyak-Atyrau oil pipe is being prepared for implementation. Its main terms of financing should be ready by the mid of 2001. Afterwards, tenders will be invited for contract operations. KTO Vice President does not exclude the possibility of practical implementation of the West Kazakhstan-West China pipe project, whose feasibility study has already been carried out.