A need will emerge to transport oil from Kazakhstan’s Kashagan field through Azerbaijan when Phase 2 of the field’s development starts, the press service of the Kazakh Energy Ministry told Trend.
Production at the Kashagan field started in October 2016. Several years will be needed for it to enter the second phase of development, although the exact period is not yet known. To date, the second phase of the field’s development is at the stage of the initial designing.
The KCTS will consist of Yeskene-Kuryk oil pipeline in Kazakhstan and Trans-Caspian Oil Transport System, including an oil terminal on the Kazakh coast of the Caspian Sea, tankers and other vessels, an oil terminal on the Azerbaijani coast of the Caspian Sea and facilities connecting it to the Baku-Tbilisi-Ceyhan pipeline.
Kashagan is a large oil and gas field in Kazakhstan, located in the north of the Caspian Sea. Its total oil reserves amount to 38 billion barrels. Some 10 billion out of them are recoverable reserves.