Kazakhstan has not guarantee of safe export route except BTC - minister

Kazakhstan has not guarantee of safe export route except BTC - minister
# 06 October 2016 09:59 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. Kazakhstan’s proven oil reserves are estimated at 5.5 billion tonnes, gas reserves at 3 trillion cubic meters. Kazakhstan, which approximately produces 33.6 billion cubic meters of gas and 80 million tonnes f oil per year and has hydrocarbon reserves at this volume, has not guarantee of reliable and safe route except BTC, Azerbaijani Energy Minister Natig Aliyev said in his article published in Respublika newspaper.

 

According to him, capacities of export corridors such as Tengiz-Novorossiysk, Atyrau-Samara, Atasu-Alushankou pipelines and Caspian Pipeline Consortium are not sufficient to meet forecasted export potential in the future: “Taking into account the features of these routes, official Astana focused on Kazakhstan-Caspian transportation system. According to this system, 739 km Eskene-Kuryk-Baku oil pipeline will be constructed. Feasibility study of the Eskene- Kuryk pipeline envisages construction of oil-pumping station in Tengiz field, Tengiz-Oporniy Uzel-Aktau main oil pipeline, Kuryk oil terminal and new port, as well as reconstruction and expansion of Aktau port. This pipeline will allow Kazakhstan to export its oil to both Georgian and Turkish ports. The new pipeline’s annual export capacity will be 23-25 million tonnes at the initial stage, 56 million tonnes in the future”.

 

Aliyev added that another significant factor which attaches importance for establishment of diversified export system is that the sanctions Russia faced after Crimean problem threat energy sector: “Kazakhstan, which transports a major part of oil via Caspian Pipeline Consortium and Atyrai-Samara pipelines through Russia’s territory, is trying to accelerate this process to escape from the possible blows of economic sanctions. Today, Kazakhstan also accepts that ensuring energy security and independently conducting energy policy consist of diversification of transportation routes of the energy carriers and researches alternative export opportunities via China and Iran. TransKazakhstan project, which is designed to transport Caspian oil to China bypassing Russia, also serves this goal. However, this project is not considered as a successful option”.

 

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