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Kazakhstan to build two oil terminals in Iran

Almaty, June 19, IRNA -- The Kazakh national oil and gas company "KazMuniaGaz" and its "Kaznafta" company have agreed to build two oil terminals in Iran, the chairman of the board of directors of Kaznafta, Marken Chaizhunusov, said.

Chaizhunusov made the remarks at a meeting with Kazakh Prime Minister Daniyal Akhmetov in the Kazakh capital on Friday.

He said that his company (Kaznafta) and KazMuniaGas have agreed to jointly work on a project to build two terminals to transport Kazakh oil from Iran with a projected total storage capacity of 150,000 metric tons, the prime minister's press service said in a statement.

Kazakhstan currently supplies oil to Iran under a swap scheme whereby oil is shipped by the Kazakh side in tankers via the Caspian Sea to the Iranian port of Neka, in northern Mazandaran province, and in return receives the equivalent of such oil through the Iranian port of Kharq in the Persian Gulf, concluded the statement.

... Payvand News - 6/19/04 ... --

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