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Free AccessKazakhstan Seeks to Pivot Crude Exports Away From CPC Pipeline
Kazakhstan is seeking alternative routes for oil exports to reduce the dependence on the CPC pipeline via Russia, Kazakhstan’s Energy Minister Almasadam Satkaliyev said, cited by Orda.kz.
- Kazakhstan is looking to reroute its exports, after increased Ukrainian attacks on Russian energy infrastructure in recent weeks.
- "KazMunayGaz has already bought tankers. There are agreements with Azerbaijani colleagues on access to the Baku-Supsa and Baku-Tbilisi-Ceyhan pipelines. Measures are being taken to ensure the so-called oil quality bank, and Kazakhstan already has the possibility to transport about 2m tonnes of oil through the Baku-Tbilisi-Ceyhan pipeline. In general, we are thinking about alternative routes. There are projects. We are also considering the possibility of using the pipeline to China as a backup option," Satkaliyev said.
- 80% of Kazakhstan’s crude oil exports to western markets are shipped through the CPC pipeline.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.