Unocal now also to bring oil from Turkmenistan to Pakistan

Nov 18, 1997 01:00 AM

Shortly after a Unocal-led consortium signed the deal to build a gas pipeline from Turkmenistan to Pakistan, it (Unocal) has been given the green light by the Ashgabat government to form another consortium to build an oil export pipeline following the same route.
Unocal's president, John Imle, met Turkmen president Saparmurat Niyazov for talks on the $ 2 bn project. Mr Niyazov is said to have declared his support.
Ashgabat originally signed an agreement with Unocal in 1995 allowing for the export of up to 1 mm barrels of oil per day.
The consortium, Central Asia Oil Pipeline Ltd, will build a 1,670 km pipeline linking Turkmenistan with Pakistan via war-torn Afghanistan. The destination for the oil would be a new deepwater port in Pakistan.
Mr Imle said that Unocal has the support of the warring Afghan factions and that the line would "promote stability, peace and economic development". The line could also be used to carry oil from Uzbekistan and Kazakhstan.
One year ago, Unocal signed a deal with the Uzbek government to evaluate the country's potential crude oil and gas resources and to determine the feasibility of using part of the Uzbek pipeline network to tie into the proposed oil line.
As with the Central Asia Gas Pipeline (CAGP), Unocal's major partner in the Uzbek venture is Delta Oil company of Saudi Arabia, along with the government and its national oil and gas company Uzbekneftegaz.
For Kazakhstan the pipeline would be an alternative to exporting its huge crude reserves through Russia.
The new oil line is expected to run parallel to the 1,270 km CAGP which will be able to carry 2 bn cfpd of gas, mainly expected to come from the Dauletabad field.

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