Kazakhstan boosts oil exports via Azerbaijan

The Kazakh oil exports from Aktau port from January to November totaled 3.062 million tons, an increase of 1.014 million tons, or 50%, over the same time last year.

The rise in the amount of transportation of Kazakh oil for export from the port of Aktau is attributable to an increase in the volume of raw materials carried towards the port of Baku, from 205,000 tons to 1.238 million tons, which is six times higher than in the same period in 2022.

During the reporting period, 1.824 million tons of oil were carried from the port of Aktau to the port of Makhachkala.

Kazakhstan’s President Kassym-Jomart Tokayev directed that the volume of oil transported over the Trans-Caspian route be increased in 2022.

KazMunayGas JSC and the Republic of Azerbaijan’s national oil firm SOCAR signed a deal for the transportation of 1.5 million tons of oil per year from the Tengiz field to the Baku-Tbilisi-Ceyhan oil pipeline.

Earlier, Azerbaijani Energy Minister Parviz Shahbazov stated that deliveries from Kazakhstan via the Baku-Tbilisi-Ceyhan pipeline will total 1.1 million tons by the end of 2023.