(MENAFN- Trend News Agency) ASTANA, Kazakhstan, February 29. KazMunayGas
JSC (KMG, Kazakhstan's national oil and gas company) plans to
increase the volume of oil transportation through Azerbaijan, said
Chairman of the Board of KMG Magzum Mirzagaliyev, Trend reports.
"The head of state (President of Kazakhstan Kassym-Jomart
Tokayev) set the task of developing the so-called Middle Corridor
or Trans-Caspian International Transport Route (TITR), which
includes transportation across the Caspian Sea. As part of this
route, last year we began transporting oil in the direction of Baku
and further along the Baku-Tbilisi-Ceyhan (BTC) oil pipeline. Our
plans are to increase transportation volumes along this route," he
said.
As he pointed out, this does not mean that Kazakhstan is looking
for an alternative to the Caspian Pipeline Consortium (CPC) oil
pipeline.
"CPC remains reliable, stable and, most importantly, the fastest
route for delivering our oil to export markets. Last year, we also
began transporting oil towards Germany. At the end of 2023, we
transported almost 1 million tons of oil to this country, and we
expect that this year we will exceed this volume," Mirzagaliyev
noted.
To note, in 2023, Kazakhstan transported 1.392 million tons of
oil via the BTC, which is 5.5 times more than in 2022.
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