Wednesday, August 09, 2006
07-12-2006 Regnum News -
Azerbaijan does not have enough oil reserves for its filling.
BTC oil pipeline is planned to transport about 50mln tons of oil annually. Otherwise, its profitability will be rather low.
It can expect producing of 20-25 million of tons by 2010. That is why, the construction’s initiators tried to persuade Kazakhstan.
However, Astana (captal of Kazakhstan) have big obligations concerning other countries, for example, China.
Several huge oil fields are being still constructed. One should not figure on supply of big Kazakhstan oil, at least in the near future.
That is why, economic expediency of BTC oil pipeline remains as usual questionable.
Posted by Jesus Reyes at 8:22 PM