Slovaks join Polish-Ukraine Caspian oil project

=I think the whole issue is first of all about Azer oil=

Yes, but it's still not enough to make even BTD profitable.

=Turkmen, Iraq, Iran=

Very funny.

=I believe if they are any problems it is rather on our side…=

Kazakhstan did not started building under-Caspian pipeline or even terminals to deliver oil to Azerbaijan. But already builds pipeline which will transport Kazakh and Russian oil to China.

BTW do you know how many tech oil the planned Polish-Ukraine pipeline needs?

Azeri oil is just for the beginning. American companies would not built Baku-Ceyhan pipeline if Kazakh question would not be already solved. Turkmenistan is famous rather from gas resources not oil, beside Niyazov seems to be hardly reliable. No serious company would like to do business with him. Iraq soon and Iran later will be for sure important exporters, these projects are planned with awareness that those countries will use them in the future.

I read the estimation that our pipeline would need to carry between 15 and 25 millions of tons. Kazakh oil is definitely necessary and Nazarbayev is aware that only these eventual deliveries keep him safe from any critiques and possible economic sanctions aka Belarus. Kazakh economy under Nazarbayev going quite well in comparison with other central Asian republics. For example he allowed more western capital to be involved in Kazakhstan than Russia, especially in energy sector. Talking about our talks with Kazakhs, We offered to their national monopoly KazMunaiGaz to participate in building of the remaining part of the pipeline. They would be one of the co-owners not just a supplier.

Kazakstan already have Caspian oil terminal in Aktau and plans to expand its captivity and built another terminal in Kuryk. The first terminal currently transport oil to the Russian Novorossisk. Like Grzegorz wrote above, everyone has own price.

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