Azerbaijan and Kazakhstan to sign a document on Trans-Caspian Oil Transport System

Azerbaijan and Kazakhstan to sign a document on Trans-Caspian Oil Transport System
# 13 November 2008 15:59 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. On November 14, State Oil Company of Azerbaijan (SOCAR) and Kazakhstan’s KazMunayGaz will sign an agreement on the core principles of establishing Trans-Caspian Oil Transport System, said Elshad Nasirov, Vice-President of SOCAR.
The Trans-Caspian Oil Pipeline is a proposed oil pipeline from the Kazakh port of Aktau to Baku in Azerbaijan. A 700 kilometers long pipeline, linked with the Baku-Tbilisi-Ceyhan pipeline in Baku, will allow transporting oil from the major Kazakh oilfield at Kashagan to the world market bypassing Russia.
The document will be signed by Rovnag Abdullayev, President of SOCAR and Kairgeldi Kabildin, President of KazMunayGaz.
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THE OPERATION IS BEING PERFORMED