Middle East Economic Survey

VOL. LII

No 2

12-Jan-2009

CASPIAN

KCTS Pipeline MOU Expected Shortly

A draft memorandum of understanding (MOU) is expected to be signed before the end of January by Azeri state firm Socar and Kazakh state firm KazMunaiGaz (KMG), for the export of oil via the proposed Kazakhstan-Caspian Transportation System (KCTS). Socar and KMG signed an agreement on basic principles of implementing the trans-Caspian project in Baku in November (MEES, 24 November 2008). The first part...