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Tuesday, 16 April 2002
CHINA REITERATES INTEREST IN PIPELINE
By empty (4/16/2002 issue of the CACI Analyst)
A senior Chinese spokesman for the branch of the China National Petroleum Corporation (CNPC) developing oil fields in western Kazakhstan, Zhang Cheng Wu, said on 16 April that Beijing is ready to build a trans-Kazakhstan pipeline from the Caspian Sea to China if the predicted hydrocarbon reserves in the Kazakh sector of the sea are confirmed. Zhang added that a feasibility study has already been prepared, and the estimated cost of the 2,900-kilometer pipeline is $3 billion-3.5 billion, the news agency said.
A senior Chinese spokesman for the branch of the China National Petroleum Corporation (CNPC) developing oil fields in western Kazakhstan, Zhang Cheng Wu, said on 16 April that Beijing is ready to build a trans-Kazakhstan pipeline from the Caspian Sea to China if the predicted hydrocarbon reserves in the Kazakh sector of the sea are confirmed. Zhang added that a feasibility study has already been prepared, and the estimated cost of the 2,900-kilometer pipeline is $3 billion-3.5 billion, the news agency said. He stressed that China has never abandoned the idea of a Kazakh-Chinese pipeline. The CNPC has been developing the Zhanazhol and Kenkiak fields in western Kazakhstan's Aktobe Oblast since 1997. (Interfax-Kazakhstan)