Middle East Economic Survey
Kazakhstan Prepares To Boost Trans-Caspian Crude Shipments
The prospect of an expansion of the Caspian Pipeline Consortium (CPC) system is fading. With crude oil production in Kazakhstan set to double to more than 2.6mn b/d in less than 10 years, the authorities plan to ship crude across the Caspian Sea to Azerbaijan, to link up with the Baku-Tblisi-Ceyhan (BTC) pipeline. The Kazakhstan Caspian Transportation System (KCTS) will give...