Bank Of Baku

France to take part in Eskene-Kuryk oil pipeline project

France to take part in Eskene-Kuryk oil pipeline project
# 06 October 2009 16:35 (UTC +04:00)
Baku. Viktoriya Dementyeva – APA. France and Kazakhstan have signed energy and business deals worth $6bn (£3.8bn) during a visit to Astana by French President Nicolas Sarkozy.

Kazakhstan has large oil and gas fields and is Central Asia’s largest economy.

Among several accords signed between the two countries, Kazakstan’s Kazmunaigaz and France’s SPIE CAPAG (Entrepose Contracting) singed a draft agreement running from Eskene, onshore near Tengiz, to the port of Kuryk, near Aqtau.

This pipeline is part of the Caspian Transportation System. This pipeline will carry oil to the Baku-Tbilisi-Ceyhan pipeline, turning it into the Aqtau-Baku-Ceyhan pipeline, going to the Turkish Mediterranean coast.
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