Turkmenistan signs deals on oil transportation projects

Oct 12, 1998 02:00 AM

Turkmenistan is stepping up its efforts to realise proper transportation projects. Two oil transportation deals have been signed with foreign companies in the Turkmen capital.

A spokesman at the presidential directorate in charge of hydrocarbon resources said that Total will undertake a feasibility study for a project of constructing the Turkmen stretch of a Kazakhstan-Turkmenistan-Iran oil pipeline.
Total has experience of this work in Kazakhstan and Iran. The project foresees transportation of Kazakhstan's crude from Tengiz and Novy Uzen oil fields through the pipeline which is to have an arm from Turkmenistan's western oil fields.
The pipeline is to pump an annual 25 mm tonnes of oil to Tehran and 50 mm tonnes to the Harg terminal.
The crude deliveries to Iran's refineries will be on a swap basis - equivalent amounts will be shipped from terminals in the Persian Gulf.

The other deal is on a joint feasibility study of oil transportation from western Turkmenistan to Iran. Signatories are Malaysia's Petronas, Britain's Monument Oil and Gas, which operate in Turkmenistan, and the presidential administration's directorate for hydrocarbon resources. Monument Oil and Gas works in Turkmenistan in strategic alliance with Mobil.
The British company at present transports the Turkmen oil through the Caspian route to Iran, also on a swap basis.

Germany's Thyssen will also handle a feasibility study for the Iran track of oil transportation.
A directorate spokesman said the deal with the German company would be signed very soon. It envisages a study of longer oil pipeline to run to the Persian and Oman Gulfs.

Source: not available
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