Kazakhstan is interested in transporting up to 3 million tons of its oil per year via the Baku-Supsa oil pipeline

Kazakhstan is interested in transporting up to 3 million tons of its oil per year via the Baku-Supsa oil pipeline
# 16 January 2024 17:54 (UTC +04:00)

Kazakhstan negotiates with Azerbaijan regarding the transportation of oil via the Baku-Supsa oil pipeline, APA-Economics reports citing Interfax-Kazakhstan.

It was noted that the Kazakhstan side is negotiating with Azerbaijan regarding the transportation of up to 3 million tons of oil per year through Baku-Supsa.

Recall that the Azerbaijani side almost does not use the Baku-Supsa pipeline. The activity of the pipeline is not completely frozen, it’s in working condition and can be used at any time. Transportation of oil through this pipeline is carried out based on orders submitted one month in advance (if there are orders - ed.).

Besides, Kazakhstan’s Energy Ministry said that, in 2024, Kazakhstan is planning to transport oil amounting to as much as 2023 – 1.5 million tons of oil via the Baku-Tbilisi-Ceyhan pipeline.

It should be noted that according to the information of KazTransOil JSC, in the previous year, the export of Kazakh through the port of Aktau amounted to 3 million 376 thousand tons which is 1 million 108 thousand tons or about 49% more compared to the indicator of 2022.

The increase in the volume of transportation of Kazakh oil for export via the Aktau port is related to the rise of transportation of the volume of raw materials in the direction of Baku port, from 205 thousand tons to 1 million 392 thousand tons, that is, 5.5 times more compared to the indicator of 2022. As well as 1 million 57 thousand of oil was transported from Tengiz field in the direction of Baku port.

Moreover, the President of Kazakhstan Kassym-Jomart Tokayev has instructed to increase oil transportation through the Trans-Caspian Corridor. According to this instruction, an Agreement was signed signed between KazMunayGaz and SOCAR, that provides the transportation of 1.5 million tons of oil produced from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan pipeline.

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