The need to produce more hydrocarbons in Eurasia will spur the rise in throughput capacity on the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.
The pipeline will increase capacity from 1.2 million bpd to 1.4 million bpd in 2011.
Kazakhstan plans to transport 500,000 bpd of oil and to increase the amount by three times in future, Azerbaijans Minister of Industry and Energy Natik Aliyev says. We are ready to offer our reloading and transporting systems to our counterparts.
Simultaneously Aberbaijan will increase its throughput of oil to 60 million tonnes per year (tpy) from the current 53 million tpy.
In May the State Oil of the Azerbaijan Republic (SOCAR) said it will begin a major expansion of its oil export terminal at Kulevi on Georgia's Black Sea coast.
The expansion is aimed at doubling the port's throughput capacity from the current 10 million tpy to 20 million tpy, possibly by year-end 2011.