Turkmenistan to resume oil transportation via BTC, Kazakhstan holding negotiations
APA Azeri Press Agency

Turkmenistan to resume oil transportation via BTC, Kazakhstan holding negotiations

[ 12 October 2017 14:34 ]

A contract was signed on transportation of Turkmen oil via Baku-Tbilisi-Ceyhan (BTC) pipeline in 2018, Adnan Ahmadzade, Head of Marketing and Economic Operations Department at SOCAR, said.

 

According to him, the volume of oil to be transported will make 3-4 million tonnes, whihc is equal to 100% of Turkmenistan’s oil export: “Previous contract covered two-year period”.

 

The contract was signed by SOCAR Trading.

 

As for Kazakh oil, no contract has been signed yet, but negotiations are underway.