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Kazakhstan's Tengizchevroil Turns to Rail as CPC Pipeline Alternative

OIL

Kazakhstan's Tengizchevroil intends to increase crude oil exports via Georgia's Black Sea port of Batumi in January-February to 150,000 tonnes.

  • TCO's monthly exports via Batumi last year averaged about 21,000 tonnes.
  • The company has been seeking alternatives to the CPC pipeline which has been beset with issues over the past year. TCO plans to send 100,000 tonnes of oil in January and 50,000 tonnes in February by rail to Batumi for seaborne exports according to Reuters sources.
  • TCO also boosted exports vis Batumi in December. It exported 50,700 tonnes of oil via Batumi, taking its 2022 shipments via the port to 252,510 tonnes, rail data showed.
Energy BulletsCommodities
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