Middle East Economic Survey
Kazakhstan And Azerbaijan Sign Intergovernmental Agreement On BTC
Following years of negotiations, Kazakhstan and Azerbaijan on 16 June signed an intergovernmental agreement covering Kazakh participation in the newly-opened Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline (MEES, 12 and 5 June). The agreement provides for Kazakhstan to eventually ship 500,000 b/d through the 1,780km, 1mn b/d capacity BTC. It is unclear when shipments will...