Kazakhstan: Oil Export Additions urgent - Chevron

    A senior Chevron Corp executive has called for rapid expansions to Kazakhstan’s oil export infrastructure, saying the country needs new pipelines with capacity of 1 million bpd to accommodate its growing production levels.
    Ian McDonald, Chevron’s vice president of business development and transportation, told an oil conference that Kazakhstan will add at least 1.5 million bpd to production rates during the next 15 years – nearly doubling its output and becoming one of the world’s top 10 producers by 2020, the Wall Street Journal reported Feb. 18.
    Authorities are working to develop a new export route – dubbed the Kazakhstan Caspian Transportation System – to pipe oil from the western part of the country to a new Caspian Sea port, and onward to Azerbaijan and Turkey.