MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Kazakhstan Targets Higher Oil Flows Through Baku-Tbilisi-Ceyhan Pipeline

OIL

Kazakhstan will transport 1.5 million tons of oil via the Baku-Tbilisi-Ceyhan pipeline in 2023, according to a briefing by KazMunayGas (KMG) national company this week.

  • “We are holding negotiations because the KMG and Azerbaijani SOCAR signed an agreement for five years on transporting 1.5 million tons of oil through the Baku (Azerbaijan) – Tbilisi (Georgia) – Ceyhan (Turkey) pipeline. It remains to determine which Kazakh oil companies will transport this volume starting next year. We expect volumes to increase in the future because Kazakhstan and Azerbaijan are interested in this,” said KMG Deputy Chair for Economics and Finance Dauren Karabayev.
  • Kazakhstani officials previously said they were looking for alternative routes to get oil exports to market having relied heavily on the CPC pipeline which has been hit by a slew of issues this year.
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