China, Kazakhstan ink pipeline deal
20 August 2007
Kazakhstan and China have agreed to jointly build oil and gas pipelines from oil fields near the Caspian Sea to China, the Financial Times reported. The project will link a China National Petroleum Corporation (CNPC) pipeline with a pipeline in western Kazakhstan to transport oil and gas across Kazakhstan from the Caspian into Xinjiang. CNPC has already invested US$6.5 billion in oil projects and plans to further expand in Kazakhstan. The pipeline is designed to carry up to 30 billion cubic meters of gas per year.