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OIL: First Oil Shipment from Kashagan to Azerbaijan Leaves

OIL
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Kazakhstan’s Kashagan oil field has sent its first oil shipment to Azerbaijan’s Baku KazMunayGas said on Monday.

  • It comes as Kazakhstan seeks to reduce its reliance on transit via Russia.
  • "The Kazakh tanker Taraz with Kashagan oil left the port of Aktau for Baku," the company said in a statement on Telegram. "The oil will then be transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline system to the Mediterranean Sea."
  • An agreement to phase in higher exports via Azerbiajan was signed in March last year. 
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Kazakhstan’s Kashagan oil field has sent its first oil shipment to Azerbaijan’s Baku KazMunayGas said on Monday.

  • It comes as Kazakhstan seeks to reduce its reliance on transit via Russia.
  • "The Kazakh tanker Taraz with Kashagan oil left the port of Aktau for Baku," the company said in a statement on Telegram. "The oil will then be transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline system to the Mediterranean Sea."
  • An agreement to phase in higher exports via Azerbiajan was signed in March last year.