CPC, BTC pipelines make current Caspian area oil export capacity adequate

Traditionally oil production in the Caspian region has been constrained by a lack of export infrastructure. But with Caspian Pipeline Consortium's pipeline (CPC) operational since 2001 and Baku-Tblisi-Ceyhan Pipeline Co.'s pipeline (BTC) operational from 2005, this problem has eased considerably.Wood Mackenzie Ltd., Edinburgh, expects that current export capacity in Kazakhstan and Azerbaijan will be sufficient to handle forecast exports. Additional routes may still be constructed, however, if they offer economic, logistical, or political advantages.In Kazakhstan, exports via the CPC pipeline have been lower than planned but will likely increase significantly in 2004 when transport...

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