Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

CASPIAN

KCTS Project Cost Estimated At $4Bn, Start-Up Predicted In 2013

Kairgeldy Kabyldin, President and CEO of Kazakhstans state firm KazMunaiGaz (KMG), told a conference in Almaty on 7 October that the Kazakhstan Caspian Transportation System (KCTS), planned to establish a new major export pipeline route for Kazakh oil exports while bypassing Russia, would cost a total of $4bn. The system would comprise a $2.5bn oil pipeline from Yeskene,...