ENERGY

Russia, Kazakhstan to Get New Oil Export Outlet: Russia, Kazakhstan and Oman have made plans to build a crude-oil pipeline to the Black Sea that could increase the former Soviet Union’s annual export capacity by 300,000 barrels a day in two years. The pipeline is part of a $1.2-billion project by the Caspian Pipeline Consortium to build a 900-mile export route stretching from western Kazakhstan to the Black Sea port of Novorossiisk. Construction was scheduled to begin by next January, with the pipeline becoming operational by January, 1997, the group said in a statement. The completion of phase one will enable the export of up to 15 million metric tons (300,000 barrels a day) annually of crude from Russia and Kazakhstan, it said. The planned pipeline, whose total capacity is estimated at 70 million tons a year (1.4 million barrels per day), is needed to pump oil from Chevron Corp.’s Tengizchevroil joint venture in Kazakhstan, which is suffering from a lack of adequate export access.