Caspian Transportation System requires $1.6 Billion

    It is planned to create a Kazakhstani Caspian transportation system by 2010, the Vice President of KMG, Makhambet Batyrbaev announced, according to Petrogas. The cost of the project is estimated at $1.6 billion.     The system will include the Iskene-Kuryk oil pipeline with a bulk-oil terminal, and tanker transportation via the Caspian...