ID :
29080
Sat, 11/08/2008 - 14:49
Auther :
Shortlink :
https://oananews.org//node/29080
The shortlink copeid
“OIL DEVELOPMENT IN KAZAKHSTAN UNDERSCORES SIGNIFICANCE OF AZERBAIJAN-GEORGIA TRANSIT CORRIDOR”
Baku, 7 November,(AzerTAj) - The Washington-based Jamestown Foundation`s publication, the Eurasia Daily Monitor, has issued an article “Oil development in Kazakhstan underscores significance of Azerbaijan-Georgia transit corridor” by political analyst Vladimir Socor.
The article notes “effective from November 1, Chevron`s subsidiary TengizChevroil is
significantly augmenting oil shipments from Kazakhstan, via Azerbaijan and Georgia,
to international markets.” The author stresses this development is an evidence of
business confidence returning to the Azerbaijan-Georgia transit corridor, in the
aftermath of the Russia-Georgia conflict.
The article says “in October of this year, TengizChevroil finalized an agreement
with the BP-led Baku-Tbilisi-Ceyhan pipeline company to increase the inputs of
Tengiz oil into that pipeline. The reported target is 98,000 barrels per day (bpd)
or some 14,000 tons daily, to be reached next year. Shipments during the remainder
of this year are expected to run at approximately 70,000 bpd or some 10,000 tons
daily.”
According to the author, “the oil is transported from the Tengiz field by rail to
the Caspian port of Aktau, then by small-capacity tanker ships across the sea to
Azerbaijan at Sangachal, the starting point of the Baku-Tbilisi-Ceyhan (BTC)
pipeline. The inputs from Kazakhstan help fill the Baku-Tbilisi-Ceyhan pipeline to
its capacity of one million barrels per day or 50 million tons annually. It was
never affected by the Russian military operations, but it had to reduce the volume
of shipments temporarily after an explosion on the pipeline`s Turkish section on
August 5 and a gas leak at the ACG offshore oilfield in Azerbaijan in September. The
pipeline is now returning to full operation and taking the additional inputs from
Tengiz. Apart from the pipeline, TengizChevroil relies on railroad delivery of its
oil via Azerbaijan and Georgia, en route to Georgian terminals on the Black Sea.
Those volumes are small, but the company is considering an increase in rail
shipments through that corridor in 2009.
Total available capacity on the Baku-Tbilisi-Ceyhan pipeline is slated to increase
through technical means (chemical agents, additional pumping capacity) to
approximately 1.5 million bpd or some 75 million tons annually. That can provide a
westbound outlet for part of the production from Kashagan, the other super giant oil
field in Kazakhstan.
Under the agreements just signed, the KazMunayGaz share is being doubled to 16.81
percent, now reaching parity with the shares of ENI, ExxonMobil, Total, and Shell,
each of which accepted slight reductions in their shares.
Opening a westbound outlet for Kashagan`s production through the Azerbaijan-Georgia
corridor is becoming a major issue of energy security for the West.”
-0-
The article notes “effective from November 1, Chevron`s subsidiary TengizChevroil is
significantly augmenting oil shipments from Kazakhstan, via Azerbaijan and Georgia,
to international markets.” The author stresses this development is an evidence of
business confidence returning to the Azerbaijan-Georgia transit corridor, in the
aftermath of the Russia-Georgia conflict.
The article says “in October of this year, TengizChevroil finalized an agreement
with the BP-led Baku-Tbilisi-Ceyhan pipeline company to increase the inputs of
Tengiz oil into that pipeline. The reported target is 98,000 barrels per day (bpd)
or some 14,000 tons daily, to be reached next year. Shipments during the remainder
of this year are expected to run at approximately 70,000 bpd or some 10,000 tons
daily.”
According to the author, “the oil is transported from the Tengiz field by rail to
the Caspian port of Aktau, then by small-capacity tanker ships across the sea to
Azerbaijan at Sangachal, the starting point of the Baku-Tbilisi-Ceyhan (BTC)
pipeline. The inputs from Kazakhstan help fill the Baku-Tbilisi-Ceyhan pipeline to
its capacity of one million barrels per day or 50 million tons annually. It was
never affected by the Russian military operations, but it had to reduce the volume
of shipments temporarily after an explosion on the pipeline`s Turkish section on
August 5 and a gas leak at the ACG offshore oilfield in Azerbaijan in September. The
pipeline is now returning to full operation and taking the additional inputs from
Tengiz. Apart from the pipeline, TengizChevroil relies on railroad delivery of its
oil via Azerbaijan and Georgia, en route to Georgian terminals on the Black Sea.
Those volumes are small, but the company is considering an increase in rail
shipments through that corridor in 2009.
Total available capacity on the Baku-Tbilisi-Ceyhan pipeline is slated to increase
through technical means (chemical agents, additional pumping capacity) to
approximately 1.5 million bpd or some 75 million tons annually. That can provide a
westbound outlet for part of the production from Kashagan, the other super giant oil
field in Kazakhstan.
Under the agreements just signed, the KazMunayGaz share is being doubled to 16.81
percent, now reaching parity with the shares of ENI, ExxonMobil, Total, and Shell,
each of which accepted slight reductions in their shares.
Opening a westbound outlet for Kashagan`s production through the Azerbaijan-Georgia
corridor is becoming a major issue of energy security for the West.”
-0-
