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Free AccessKazTransOil Boosts Oil Exports From Aktau Port
KazTransOil exported a total of 287k mt of oil via Azerbaijan’s Aktau seaport in January, up 36% year-on-year, according to Bloomberg.
- Exports to the Makhachkala port in Russia were also up 11% on the year to 171k mt.
- Kazakhstan’s President Tokayev requested in 2022 that KazTransOil raise exports via Azerbaijan.
- Subsequently, KazMunayGas abd SOCAR agreed to ship 1.5m mtpa of oil from the Tengiz field to Baku for further shipping via the Baku-Tbilisi-Ceyhan pipeline.
- Despite the rising flows, CPC exports via Russia’s Black Sea port still account for around 80% of Kazakh oil exports.
To read the full story
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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.