Transmeridian Exploration Incorporated has commenced transporting oil from its South Alibek Field in Kazakhstan through its proprietary pipeline connection to the regional export pipeline system. Produced oil is being processed in the company's de-mercaptan unit prior to export. The company expects use of its own export pipeline connection and its recently commissioned Central Production Facility to increase the continuity and reliability of export sales.
"The elimination of third party processing fees with the use of our own de-mercaptan unit should be reflected in the price we receive for our South Alibek crude and, with the use of our own pipeline, we will no longer be dependent on others to export our oil to the regional pipeline system," commented Lorrie T. Olivier, Chief Executive Officer.
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