CNPC, KMG sign deal to expand China-Kazakhstan oil pipeline

08 April 2013 04:27  [Source: ICIS news]

SINGAPORE (ICIS)--China National Petroleum Corp (CNPC) said on Monday that it has signed a framework agreement with Kazakhstan’s state-owned oil company KazMunayGas (KMG) on the expansion of the China-Kazakhstan oil pipeline.

The pipeline currently extends from Atyrau in Kazakhstan to Alashankou in China’s Xinjiang with a transportation capacity of 20m tonnes/year, according to CNPC.

It has delivered around 50.8m tonnes of crude from the central Asia country to China from 2006 to 2012, said CNPC.

Financial details and timeframe of the expansion are not disclosed.

By: Fanny Zhang
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