PetroKazakhstan Opens New Pipeline
PetroKazakhstan, formerly Hurricane Hydrocarbons, has opened the new Kumkol-Aryskum-Maibulak pipeline and terminal for faster crude delivery. The $77 million, 177-kilometer pipeline would cut the export route via western regions by 1,300 kilometers.
The company, developing fields in the desert Kyzyl Orda region, said the new Kumkol-Aryskum-Maibulak pipeline had a capacity of 100,000 barrels per day (bpd) and was running to the oil terminal Dzhusaly, from where oil would be shipped by rail to Atyrau in western Kazakhstan and then to Europe. Atyrau is located on the Caspian Sea and is the hub used by the Caspian Pipeline Consortium to ship oil via Russia's Black Sea port of Novorossiisk.
The new route will be used by Turgai Petroleum, a joint venture in which the PetroKazakhstan and Lukoil each hold 50 percent.
- New Production Facility Commissioned at Kumkol Field in Kazakhstan (Feb 26)
- Arbitrator Confirms Lukoil's Right to Stake in Turgai JV (Oct 30)
- Equator Names New CFO (Jul 24)