Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Kazakhstan boosts oil production forecast

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

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
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Energy Resources Stories
1 of 29
FORT LAUDERDALE HOSTS FLEET WEEK
View Caption
Crew members of the USS Kearsarge, Bryane Ingram, Timothy Williams, Curtilious Ingram and Yosuf Hill (l to r) prepare for shore leave shortly after docking at Port Everglades in Ft. Lauderdale, Florida on April 30, 2007. The Kearsarge and her crew will participate in Fleet Week USA as part of the McDonalds Air and Sea Show. (UPI Photo/Joe Marino-Bill Cantrell)
fark
First female skipper in British Navy's 500-year history takes charge of warship, immediately gets...
Kids confusing detergent packs for candy ending up sick even quicker, yet have the whitest whites...
Legoland Florida sets Guinness world record for Dumbest Stunt Performed at a Theme Park Modeled...
Not really news: Woman kicked off plane. Fark: For wearing a T-shirt that said, "If I wanted the...
Mortician finds gunshot wound to the chest of a man that had been ruled to have died of natural...
Left babysitting 4-year-old while her mom, friend go to gym? Just tie her up in kitchen chair and...