UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Kazakhstan boosts oil production forecast

|
 
Published: Sept. 5, 2008 at 4:41 PM

ASTANA, Kazakhstan, Sept. 5 (UPI) -- Energy officials in Kazakhstan said Friday they expect to transport as much as 392 million barrels of oil per year through the Baku-Tbilisi-Ceyhan pipeline.

Kazakh Energy and Minerals Minister Sauat Mynbayev said Friday that as much as 163 million barrels of oil per year could pass through the 500-mile Kazakhstan Caspian Transportation System, which crosses the Caspian seabed to Baku, Azerbaijan's capital.

From there, Kazakhstan expects to boost oil transportation to 392 million barrels through BTC by 2012, the Trend Capital news agency reported.

The $4 billion KCTS pipeline is expected to become operational by 2011.

Mynbayev said several pipeline arteries would bring more Kazakh oil to the international market.

"At present, the second stage of the Kazakhstan-China oil pipeline and branches of the Kenkiyak-Kumkol (third stage) are being constructed as well, and then we will get the opportunity to transport oil from the west of Kazakhstan to China," he said.

Kazakhstan says it will increase its oil production to 560 million barrels of oil and 1.5 trillion cubic feet of natural gas annually by 2010.

Topics: Sauat Mynbayev
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 14
Obama in Berlin
View Caption
A child is seen playing at the Memorial to the Murdered Jews of Europe on the eve of U.S. President Barack Obama's visit to Berlin on June 18, 2013. Obama is scheduled to meet German Chancellor Angela Merkel and will later speak at the Brandenburg Gate where fifty years earlier, U.S. President John F. Kennedy delivered his famous "Ich bin ein Berliner (I am a Berliner)" address . UPI/David Silpa
fark
You're definitely doing it wrong if you spray paint anti-gay slurs on walls of a Chik-fil-A
Police say a 911 call reporting a hostage situation and shooting that resulted in SWAT team mobilization...
British report recommends bankers go directly to jail, do not pass Go, do not collect $200 (million)...
"My wife found out I knocked up an alien cat woman and was very unhappy. That caused a few problems,...
Oh, no, not this shiat again
Man upset that the mother of his child refused to let him see his kid decides to randomly shoot...