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OIL: Kazakhstan May Seek to Boost Turkey Oil Flows

OIL
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Kazakhstan is considering a substantial increase in oil shipments out of Turkeys BTC pipeline its Energy Minister Almasadam Satkaliyev said this week local news outlets reported.

  • The volume is envisaged to be raised to 20 million tons per year, Satkaliyev told parliament.
  • That move could reduce the more than 80% share of flows Kazakhstan currently sends via Russia.
  • "This year, Kazakh oil transported through the BTC pipeline is expected to be around 1.5 million tons. We are evaluating the prospects of increasing this volume to 20 million tons per year in the future," he stated but did not offer a timeframe.
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Kazakhstan is considering a substantial increase in oil shipments out of Turkeys BTC pipeline its Energy Minister Almasadam Satkaliyev said this week local news outlets reported.

  • The volume is envisaged to be raised to 20 million tons per year, Satkaliyev told parliament.
  • That move could reduce the more than 80% share of flows Kazakhstan currently sends via Russia.
  • "This year, Kazakh oil transported through the BTC pipeline is expected to be around 1.5 million tons. We are evaluating the prospects of increasing this volume to 20 million tons per year in the future," he stated but did not offer a timeframe.