The final contract will be signed at the end of August, and deliveries through the Baku-Tbilisi-Ceyhan pipeline will begin in a month, sources said.
Since September this year, Kazakhstan intends to sell part of its oil through Azerbaijan’s largest oil pipeline, bypassing Russia. On Friday, August 12, Reuters reported, citing three sources.
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Kazakh oil state company Kazmunaigas is said to be in preliminary negotiations with the trading division of Azerbaijani state company SOCAR for permission to sell 1.5 million tons of Kazakh oil per year through the Baku-Tbilisi-Ceyhan pipeline.
According to the agency’s source, the final contract should be signed at the end of August, and deliveries will begin in a month.
At the same time, another 3.5 million tons of Kazakh oil per year could start flowing in 2023 through another Azerbaijani pipeline to the Georgian Black Sea port of Supsa.
In general, we are talking about the supply of 100,000 barrels per day, or 8% of the volume transported through the Caspian Pipeline Consortium (CPC).
As is known, on July 6, the Primorsky District Court of Novorossiysk suspended the activities of the CPC for 30 days, allegedly due to violations of the oil spill response plan.
At the same time, two days before the closure of the oil pipeline, the President of Kazakhstan, Kassym-Jomart Tokayev, expressed his readiness to help the EU overcome the lack of energy resources. He said this in a telephone conversation with the President of the European Council, Charles Michel.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.