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OIL: Kazakhstan Raises Oil Exports Via BTC 38% in February

OIL
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Kazakhstan shipped 97.3k tons, or about 28kb/d, of oil via the Baku-Tbilisi-Ceyhan pipeline in February, an increase of 38% from January, according to KazTransOil cited by Reuters.

  • The majority of Kazakstan exports are via the CPC pipeline crossing Russia to the Black Sea port of Novorossiisk, whereas the BTC route, which originates in Azerbaijan, bypasses Russia.
  • Delivering of Kazakh oil to Baku requires either shipments across the Caspian sea on the modest tanker fleet, or with the construction of a trans-Caspian pipeline.
  • Pipeline talks between states have stalled for decades over territorial disputes.
  • State-run KazTransOil shipments of Kazakh oil to China via the Atasu-Alashankou pipeline fell 9% m/m to 73,685 tons.
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Kazakhstan shipped 97.3k tons, or about 28kb/d, of oil via the Baku-Tbilisi-Ceyhan pipeline in February, an increase of 38% from January, according to KazTransOil cited by Reuters.

  • The majority of Kazakstan exports are via the CPC pipeline crossing Russia to the Black Sea port of Novorossiisk, whereas the BTC route, which originates in Azerbaijan, bypasses Russia.
  • Delivering of Kazakh oil to Baku requires either shipments across the Caspian sea on the modest tanker fleet, or with the construction of a trans-Caspian pipeline.
  • Pipeline talks between states have stalled for decades over territorial disputes.
  • State-run KazTransOil shipments of Kazakh oil to China via the Atasu-Alashankou pipeline fell 9% m/m to 73,685 tons.