Middle East Economic Survey

VOL. LI

No 47

24-Nov-2008

CASPIAN

KMG And Socar Finalize Trans-Caspian Oil Export Agreement

Kazakhstans state firm KazMunaiGaz (KMG) and Azerbaijans state company Socar announced on 14 November the signing of an agreement for the transportation of Kazakh crude oil to Baku for delivery to European and international markets via the Baku-Tbilisi-Ceyhan (BTC) pipeline. The project, first discussed between the two parties in 2006, is also known as the Kazakhstan to Caspian...