The consortium, which includes SOCAR (State Oil Company of Azerbaijan) and KMG-Transcaspian (a subsidiary of KMG – Kazakhstan’s national company) announced a contest to determine the contractor for the feasibility study of Transcaspian oil transport system.
One can familiarize with the rules and registration procedures on the official website of the Trans-Caspian project – www.transcaspianproject.com.
Bids are accepted until July 14.
Transcaspian system is built to transport oil from Kazakhstan on routes through the territory of Azerbaijan to enter the Mediterranean Sea through the Baku-Tbilisi-Ceyhan oil pipeline and the Black Sea – along the routes of transportation of Azerbaijan-Georgia. The second passage involves both the oil transportation by railway, and considering the possibility of building a new oil pipeline Baku – the Black Sea.
The initial capacity of Trans-Caspian transportation system will be 23 million tons per year. It involves the construction of tankers and terminals in Azerbaijan and Kazakhstan, as well as the connecting pipes.