PetroKazakhstan Granted Access to Caspian Pipeline

PetroKazakhstan has signed a Memorandum of Understanding with Lukoil whereby Lukoil, a shareholder in the Caspian Pipeline Consortium, will designate Turgai Petroleum as an Affiliated Shipper in CPC. It is anticipated that Turgai Petroleum's shipments through CPC will start before year-end and gradually reach up to 31,800 bopd (1,500,000 tons per year), of which PetroKazakhstan's share will be 50%.