KazTransOil Enhances Oil Transit from Aktau Port to Baku

Astana, The Gulf Observer: During the period spanning January through 2023, the volume of Kazakh oil transported for export from the port of Aktau reached 3.376 million tons. This figure represents a notable increase of 1.108 million tons in comparison to the corresponding period in 2022. KazTransOil JSC, the prominent oil pipeline company of the Republic of Kazakhstan, plays a pivotal role in facilitating the transportation of oil for various purposes, including domestic market supply, transit, and export. The substantial rise in export volumes reflects the company’s commitment to efficiently meet the demands of the ever-evolving energy landscape.

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.

Previously, Azerbaijani Energy Minister Parviz Shahbazov said that deliveries via the Baku-Tbilisi-Ceyhan pipeline from Kazakhstan will amount to 1.1 million tons of oil by the end of 2023.

“Every month, Azerbaijan receives from 12 to 14 tankers transporting Kazakh oil. This is a satisfactory development. The initial agreement between the parties provided for the transportation of 1.5 million tons of oil this year. However, given that deliveries began in April this year, we will be able to transport 1.1 million tons of oil by the end of 2023,” he said.

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.