Kazakh pipeline nears completion

Kazakhstan's President Nursultan Nazarbayev has said the oil-rich former Soviet republic would pump its oil through a $4 billion US-backed pipeline.

    Nazarbayev said another pipeline would be opened in December

    "For us this route will be one of the main ways to supply world markets," he said on Tuesday at a ceremony where he signed bilateral agreements with Azerbaijan President Ilham Aliyev.

     

    The Baku-Tbilisi-Ceyhan pipeline to open on Wednesday will transform the Caucasus and Turkey into an energy bridge between the Caspian and the rest of the world.

     

    But Kazakhstan's participation in the project has until now remained under question as it navigated the choppy diplomatic waters between Washington and Kazakhstan's former overlord, Moscow.

     

    Full operation

     

     

    The pipeline is expected to go into full operation six months from now and become a major competitor to the traditional export routes for Caspian oil that lie through Russia.

     

    Nazarbayev joked that the pipeline should now be renamed Aktau-Tbilisi-Ceyhan after Kazakhstan's Caspian port city.

     

    But he added that the republic would keep open other options for exporting its oil, production of which is expected to reach 150 million tons a year in 2015.

     

    Another pipeline targeting growing Chinese energy demand will be opened as early as December, Nazarbayev said, adding that "there is the possible variant of exporting oil through Iran in the future."

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.