KazTransOil boost oil transit from Aktau port to Baku

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The volume of transportation of Kazakh oil for export from the port of Aktau amounted to 3.376 million tons from January through 2023, which is 1.108 million tons more than the same period in 2022, Kazinform News Agency reports citing KazTransOil JSC (an oil pipeline company of Kazakhstan that provides services for transporting oil to the domestic market, for transit purposes, and for export).

 

Thus, the increase in the volume of transportation of Kazakh oil for export from the port of Aktau is due to an increase in the volume of raw materials shipped in the direction of the Baku-Tbilisi-Ceyhan oil pipeline, from 250,000 tons to 1.392 million tons, which is 5.5 times more compared to the same period in 2022. In particular, 1.057 million tons of oil were shipped from the Tengiz field.

 

In addition, in the reporting period, 1.984 million tons of oil were shipped from the port of Aktau towards the port of Makhachkala.

 

In 2022, President of Kazakhstan Kassym-Jomart Tokayev ordered to increase the volume of oil transportation along the Trans-Caspian corridor.

 

In accordance with this instruction, KazMunayGas JSC (Kazakhstan's national oil and gas company) and the state oil company of the Republic of Azerbaijan SOCAR entered into an agreement providing for the transportation of 1.5 million tons of oil per year from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan oil pipeline.

 

KazTransOil JSC is the Kazakhstan's national operator of the main oil pipeline. It is part of the KazMunayGas JSC group. KazTransOil JSC owns a diversified network of main oil pipelines 5.4 thousand km in length.

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