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Article: Kazakhstan expects 51% stake in Transcaspian project.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- March 10, 2009
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Kazakhstan expects 51% stake in Transcaspian project
ASTANA. March 10 (Interfax) - Kazakhstan expects to have a 51% interest in the project to create the Kazakh Caspian Transportation System (KCTS) to deliver oil to the Baku-Tbilisi-Ceyhan (BTC) pipeline, Energy and Mineral Resources Minister Sauat Mynbayev told journalists following a government meeting in Astana on Tuesday.
Kazakhstan is committed to retaining at least a 51% stake in the pipeline system, Mynbayev said. "We are negotiating intensively. We have a difference of opinion with the consortium, Chevron. They are acting in unison right now. The main point is connected with control over the ...