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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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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.