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China-Kazakhstan petro-pipeline begins construction
www.chinanews.cn 2005-03-25 13:05:24
Chinanews, Mar.24 - Yesterday construction of the Xinjiang section of the
petroleum pipeline between China and the Republic of Kazakhstan commenced
in Jinghe County; construction of the Kazakh portion has already started.
This indicates that the construction of petroleum transport artery
between China and the Kazakhstan--a move that has attracted much
attention from international energy circles--has begun in full scale.
The western segment of the pipeline starts in Atyrau along the Caspian
Sea coast and its eastern segment travels through Kenkiyak and Atasu,
finally reaching Xinjiang's Dushanzi Petrochemical Company. The pipeline
is over 3,000 kilometers in length and amounts to a three billion USD
joint venture between China and Kazakhstan.
According to plans, the pipeline will be completed on Dec.16 this year,
and its annual petroleum transportation capacity should reach 20 million
tons. Energy experts believe that its construction will benefit both
countries. China will be less dependent on petroleum from the Middle East
and secure a crude oil supply of convenience, safety and long-term
stability. Kazakhstan will establish a stable and reliable sales market
for the mass production of crude oil. The Caspian Sea coast and its
continental shelf is the third largest oil and gas resource in the world.
Kazakhstan plans to increase its petroleum output to 100 million tons by
2010 to meet foreign crude oil needs.
��Russian minister pledged to build oil pipeline to China
(2005-02-02)
��China's import of crude oil has limited effect on world
prices (2005-03-08)
��China to build super oil storage vessel (2005-03-03)
��China's crude oil and refined oil exports decreased
(2005-02-16)
��China finds more oil and natural gas reserves (2005-02-13)
��CNOOC' crude oil output expected up 19% (2005-02-04)
��China's crude oil import hits record high in 2004 (2005-02-04)
��CNPC to spend 6b USD on Russian crude oil (2005-01-31)
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