Kairgeldy Kabyldin: Performance of a feasibility study for Trans-Caspian Project may be launched in the second half

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Kairgeldy Kabyldin: Performance of a feasibility study for Trans-Caspian Project may be launched in the second half Kairgeldy Kabyldin: Performance of a feasibility study for Trans-Caspian Project may be launched in the second half Work on the performance of a feasibility study for the proposed Trans-Caspian Project can be started in the second half of 2009, said Kairgeldy Kabyldin, President of KazMunaiGaz, the national company of Kazakhstan. ”The feasibility study will be developed jointly with SOCAR in accordance with the terms of the agreement on the fundamental principles for the implementation of the Trans -Caspian project. In conjunction with international oil companies, the preparation of technical specifications and other tender documents is on track of completion,” he added.
He also said that the performance of a feasibility study for the Eskene-Kuryk pipeline has been completed. 
After the completion of exploration work, the feasibility study will be submitted to “Trans-Caspian KMG” for the further development of project estimates.
The Trans-Caspian system involves the creation of complex objects, including oil terminals in Kuryk on the coast of Kazakhstan and on the coast of Azerbaijan, the tanker fleet to transport oil for the Baku-Tbilisi-Ceyhan oil pipeline, as well as the establishment of appropriate infrastructure to ensure the viability, reliability and security of the system.
Kairgeldy Kabyldin recalled that presidents of Kazakhstan and Azerbaijan signed an agreement in 2006 in order to create conditions for the realization of the project and KazMunaiGaz and SOCAR signed several memorandums later on.
The papers on strategic cooperation in oil and gas industry expressed interest in expanding cooperation in oil and gas, petrochemical, refining, transportation and transit of Kazakh hydrocarbons.
According to him, KazMunaiGaz and SOCAR signed an agreement in 2008 on the fundamental principles for the implementation of the Trans-Caspian project, setting out financing, tariff expenses, and phases of the project.
“Today, our companies are working on the implementation of these joint documents. The bother sides are involved in negotiations with foreign firms. The both companies have equal rights in the project,” he added.
He also expressed interest in expanding cooperation with Azerbaijan in the training of specialists in the oil and gas sector./APA/