Atasu-Alashankov-Dushanzi pipeline construction project to be commenced in 2004

As it was declared the press service of the Prime Minister of Kazakhstan, Atasu-Alashankoy-Dushanzi pipeline construction project was discussed on 2 March at the meting chaired by the Prime Minister, Daniyal Akhmetov.

According to the analysis given by the specialists oil demand will exceed the supply in the West regions of China in the near-term outlook that has an update tendency. In case of successfully construction China intends to transport oil from Kazakhstan including the Caspian region, as long as the scheduled volume with the second part of transporting - 20 million tons per year is not enough.

Currently there are some variants of pipeline construction financing, which length is 1320km.

As it is necessary to diversify the Kazakhstani oil export and supposedly to integrate Kazakhstani, Russian, Chinese pipeline systems, the Prime Minister set a task the Ministries and KazMunaiGas to prepare documents and implement the required procedure in a short term to start the constriction in 2004.

Translated by Nataliya Shirinskikh