The demand in the Kazakhstan Caspian Transportation System (KCTS) will arise no earlier than 2020, said Kazakhstan Minister of Oil and Gas Uzakbay Karabalin.
“The demand in the KCTS will arise no earlier than 2020,” said Minister.
He reminded that goal of the KCTS is to export Kazakhstan oil mainly from the Kashagan field (second and third phases) through the Caspian Sea, via the Baku-Tbilisi-Ceyhan and other oil transportation systems both on the territory of Azerbaijan and other transit countries to the international markets.
“The carrying capacity and development of the system will be defined by the oil production on Kashagan (second and third phases). It is supposed at the initial stage it will total 23 million tons a year,” Karabalin said.
Minister specified that considering full expansion of the Caspian Pipeline Consortium (CPC) by 2015, term and the volume of oil production in the North Caspian Project, “demand in KCTS will arise by the beginning of the Kashagan Phase 2 project, which is no earlier than 2020.”
He also reminded that in 2011 it was decided to suspend the project.
“In the future the project implementation schedule must be synchronized with the schedule of the Kashagan Phase 2 development,” Karabalin added.
Meanwhile, production on the Kashagan field, one of the world biggest field, was suspended in September – two weeks after its commencement, because of the gas leakage.—0--
Economics
-
The Azerbaijani parliament has approved the formation of new municipalities through the consolidation of existing ones, aiming to enhance administrative efficiency and local governance. The move, based on amendments to the law on "Joint Activities, Mergers, Separation, and Dissolution of Municipalities," was sanctioned under Article 95 of the Constitution.
-
The management of the Baku Metro often announces projects for new underground lines and stations, but official information never includes data on the cost of laying a kilometer of track or building specific metro stations. Journalists sometimes obtain details from unofficial sources, raising doubts about the reliability of such information. For instance, in 2021, an unofficial government source reported a cost of 60 million manats for planned construction of a single station on the Purple Line. This figure excluded finishing works, installation of communication lines, electronics, escalators, and elevators.
-
The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
-
Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
Leave a review