Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

CASPIAN

Kazakhstan Plans Construction Of Two Crude Terminals In Iran

Kazakhstans KazMunaiGaz and KazNafta will combine their efforts to build two new crude terminals on Irans Caspian coast in order to boost the two countries oil swap arrangement. A statement released by Kazakh Prime Minister Danial Akhmetovs office said on 18 June that the terminals would be designed to accommodate 1.5mn tons annually (30,000 b/d), with 150,000 ton storage...