Azerbaijan hopes to include Kazakhstan in BTC project in 2004

Apr 28, 2004 02:00 AM

Azerbaijan hopes that Kazakhstan will become a participant in the Baku-Tbilisi-Ceyhan (BTC) project in 2004, Azerbaijani Deputy Foreign Minister Khalaf Khalafov said at the forum Caspian: Politics, Economics, Business in Astana.
"At the moment 34 companies from 16 countries are participating in transport projects in the Caspian region. Azerbaijan considers the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipeline projects to be the main ones," he said. The Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum projects are "necessary conditions" for the economic development of the Caspian region and will strengthen its energy security," he said. He said that Azerbaijan shares the position of Kazakhstan regarding the laying of pipelines along the Caspian seabed.

Kazakh First Deputy Foreign Minister Kairat Abuseitov said at the forum that Kazakhstan is against having to agree laying underwater communications and pipeline in the Caspian with all of the littoral states. These issues should be agreed with the Caspian states through whose sectors they pass, and not with all states in the region, he said.
Khalafov also said that the implementation of oil and gas transport projects in the region might be hindered by the unresolved Armenian-Azerbaijani conflict and the unstable political situation in Georgia.

The Baku-Tbilisi-Ceyhan project will cost $ 3.6 bn. The future pipeline will stretch 1,767 km (443 km through Azerbaijan, 248 km through Georgia and 1,076 km through Turkey) and will have a capacity of 50 mm tpy of oil.
Participants in the BTC project are: British Petroleum (30.1 %), SOCAR (25 %), Unocal (8.9 %), Statoil (8.71 %), TPAO (6.53 %), ENI (5 %), Itochu (3.4 %), ConocoPhillips (2.5 %), Inpex (2.5 %), TotalFinaElf (5 %), and Amerada Hess (2.36 %).

Kazakhstan hopes to transport 10 mm-20 mm tpy of oil through the pipeline. The republic produced over 51.3 mm tons of oil and condensate in 2003.
Construction of the 690 km Baku-Tbilisi-Erzurum pipeline should begin in the third quarter 2004. The pipeline will transport gas from the Shah Deniz field, which has reserves of 625 bn cm of gas and 101 mm tons of condensate.

Source: Interfax
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