Oil for Baku-Tbilisi-Ceyhan Insufficient

PanARMENIAN.Net
31.07.2006 15:23 GMT+04:00

/PanARMENIAN.Net/ The operation of the Baku-Tbilisi-Ceyhan oil pipeline
proved that the existing infrastructure of the oil transportation in
Azerbaijan obviously exceeds the amount of its production, Zerkalo
newspaper wrote. According to the edition, the situation is quite
expectable, since foreign oil companies suffered big losses at many
Azeri oilfields. According to the latest data, the oil resources in
Azerbaijan make some 7 billion barrels and they will be sufficient
for 42.4 more years while the oil resources in Kazakhstan make 39.6
billion barrels and their production can last some 80 more years.