Watching the World: Kazakh port due expansion

A feasibility study on expansion of Kazakhstan’s port of Aktau on the Caspian Sea was presented in the nation’s capital last week as part of a larger plan to step up oil export capabilities.Last December, Kazakh Minister of Energy and Mineral Resources Vladimir Shkolnik said that Kazakh oil production is expected to exceed 150 million tonnes/year by 2015 and therefore that oil transportation to international markets is “very important.”New terminals Under the proposed plan for Aktau, four new oil terminals would be built in the northern section of the existing port to help transport Kazakh oil to world markets by large tankers bound for Makhachkala in Russia, Baku ...

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