Astana ships crude by tanker to the Caspian Sea for export through the BTC pipeline, which crosses Azerbaijan, Georgia and Turkey.
Kazakhstan plans to increase the annual volume of oil supplies through the Baku-Tbilisi-Ceyhan (BTC) pipeline from 1.5 million tons to 20 million tons. The volume of supplies through the pipeline can increase more than 13 times. This is what Energy Minister Almasadam Satkaliev said, the Kazakh publication Kursiv reports.
According to the minister, this year Kazakhstan will export 68.8 million tons of oil, including 55.4 million tons through the Caspian Pipeline Consortium (CPC) pipeline to the Russian Black Sea port of Novorossiysk.
Reuters news agency states that increasing oil transit through BDT will allow Kazakhstan to cut more than 80% of supplies currently passing through Russia.
Kazakhstan ships crude by tanker to the Caspian Sea for export through the BTC pipeline, which crosses Azerbaijan, Georgia and Turkey.
To diversify oil export routes, Kazakhstan started issuing BTC last year. The State Oil Company of Azerbaijan and KazMunayGas signed an agreement to transport 1.5 million tons of Kazakh oil per year along this highway. Exports began in April 2023.
Kazakhstan increased oil production and exceeded the OPEC+ quota
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.