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Caspian pipeline expansion nearing approval
RBC, 22.05.2008, Kiev 19:31:06.Whether to increase the capacity of the Caspian Pipeline Consortium or not is to be resolved by the end of May 2008, Deputy Energy and Mineral Resources Minister of Kazakhstan Lyazat Kiinov told an energy forum in Kiev today. He added that the issue had been settled in principle, and shareholder approvals were expected in the near future. He regretted that there had been no serious discussions of linking the Caspial pipeline project to the Odessa-Brody pipeline. This would require an additional leg of 150 kilometers, including across the Russian territory. For this, in turn, Russia's agreement would be needed. Yet, this link is approved, there would be no difficulty in finding enough oil to load the Oddessa-Brody pipeline, the Deputy Minister assured. According to Kiinov, the Caspian pipeline would be able to carry some 67m tonnes of oil, of which some 37m tonnes could be bound via the Ukrainian route. As reported earlier, at their meeting on May 6-7, Russia's Industry and Energy Ministry Viktor Khristenko and Kazakhstan's Energy and Mineral Resources Minister Sauat Mynbayev agreed to boost the Caspian pipeline's capacity from 32m to 67m tonnes of oil per year.
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