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Kazakh Crude Via Azerbaijan Terminal Begins

OIL

The first shipment of oil from Kazakhstan’s Tengiz field arrived at Azerbaijan’s Sangachal terminal on Thursday according to Socar.

  • Socar and KazMunayGaz have agreed to transit 1.5m tons of Kazakh oil via the BTC every year.
  • Between 12 and 14 tankers will carry Kazakh oil to Azerbaijan across the Caspian Sea every month.
  • Kazakhstan has been searching for new ways to get its crude to market to try and alleviate its dependence on sending volumes across Russia via the CPC pipeline which has been hit by numerous disruptions of late.

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