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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The Asian Development Bank (ADB) has approved a $240.3-million

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Caspian pipeline consortium marks the groundbreaking for $5.4B expansion

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The capacity of the 900-mile (1,500-km) pipeline, which carries crude oil from western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 The cost of the first phase of construction amounted to $2.6 Kazakhstan Pipeline Ventures L.L.C.: billion expansion of the Caspian pipeline. LUKARCO B.V.:

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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But vehicle-miles travelled usually tend to rebound as consumers become accustomed to the new level of price or as the economy recovers. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Biofuels supply triples to the equivalent of more than 4 mb/d, bolstered by $1.4

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