Search
  1. Home
  2. Asia
  3. Kazakhstan
  • News

US $2.4 billion oil pipeline project underway

    ISLAMABAD

    The first phase of the 18 month feasibility study of the
    Aktau-Baku-Ceyhan oil pipeline project has started, a US special adviser said, according to the Interfax-Kazakhstan news agency. Following a meeting on Wednesday with Kazakh President Nursultan Nazarbayev, Elisabeth Jones, US presidential adviser on Caspian oil issues, told journalists that the construction of the oil pipeline - which would transport Kazakh oil via Azerbaijan to the Turkish Mediterranean port of Ceyhan - was planned for 2004-2005 and would cost US $2.4 billion.

    Jones said that Nzarbayev had confirmed Kazakhstan’s desire to “work jointly” on the project, following Kazakhstan’s signing of the Istanbul declaration in support of the oil project last year. Kazakhstan’s role and the amount of oil to be trans-shipped had not yet been decided by the eight oil companies involved in the project, the report said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join