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UPI: Shell mulls using Kazakh oil for BTC Anglo-Dutch venture

By ANDREA R. MIHAILESCU

Royal Dutch Shell said Tuesday the company is studying the possibility of transporting its oil from fields in Kazakhstan via the Baku-Tbilisi-Ceyhan pipeline.

Shell has expressed an interesting in increasing its activities in Azerbaijan and cooperating with SOCAR in the extraction, refining and sale of oil and gas.

The BTC consortium is conducting work to expand the pipeline’s capacity as well as construct the Kulevsky terminal on Georgia’s Black Sea coast, which SOCAR has acquired, and the capabilities of the infrastructure used to transport Kazakh oil via Azerbaijan.

Norway moves away from gas-cartel idea

Norway said it will not consider becoming a member of an international gas producers’ cartel.

The world’s largest natural-gas-exporting nations are holding talks to discuss the possibility of creating a cartel entity on gas pricing, similar to the Organization of Petroleum Exporting Countries.

According to Russian news agency Interfax, Russian Energy Minister Viktor Khristenko during an industry forum in Qatar on Monday said Moscow is looking at setting up a group to examine pricing.

Energy ministers from Qatar and Iran denied the talks are aimed at creating a gas producers’ version of OPEC.

Those present at the forum included Russia, the world’s largest gas exporter, as well as Norway, Iran, Qatar, Indonesia and Brunei.

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Copyright 2007 by UPI

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