Kazakhstan Unveils Uranium Transit Volumes Via Azerbaijan In 2023

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, May 24. Kazakhstan hasexported 2,300 tons of uranium in 2023 through the territory ofAzerbaijan as part of the Trans-Caspian International TransportRoute (TITR, or Middle Corridor), Trend reports, citing the report ofthe Ministry of energy of Kazakhstan on the implementation of theconcept for the development of the fuel and energy complex of theRepublic of Kazakhstan for 2023.

As stated in the report, since 2018, Kazatomprom (a nationalnuclear company) has been supplying uranium products through theterritory of Azerbaijan using TITR. In 2023, for the first time, ashipment was made through the territory of Azerbaijan to the US inthe amount of 308 tons.

"In total, 2,300 tons were transported through Azerbaijan in2023. In 2023, more than 2,300 tons of uranium products weretransported to France, Canada, Romania, India, and the US, which is4.5 percent more compared to 2022 (2,200 tons)," the reportsays.

In general, transportation of Kazakh uranium products to buyersis carried out through the territory of Russia, with loading ontosea vessels in the port of St. Petersburg.

"However, due to the sanctions policy of the US and WesternEuropean countries towards the Russian Federation, an increasingnumber of European ports refuse to accept cargo and work with shipsleaving the ports of the Russian Federation. As an alternativetransportation route, Kazatomprom uses the Trans-CaspianInternational Transport Route, with shipment through the Black Sea(the port of Poti in Georgia). To carry out transportation alongthis route, Kazatomprom obtains permission from the transitcountries-the Republic of Azerbaijan and Georgia," the documentstates.

Also, according to the document, proven reserves of uranium asof January 2023 amounted to 990,000 tons. At the same time,systematic work is being carried out to increase reserves throughgeological exploration.

Meanwhile, on September 29, 2023, Kazakhstan's Kazatomprompresented its strategy for uranium production for 2025. The Boardof Directors of Kazatomprom approved the company's strategy toincrease uranium production volumes in 2025 to 100 percent of thelevel planned under subsoil use contracts.

Kazakhstan ranks second in the world in terms of proven reservesof natural uranium. The depths of the Republic of Kazakhstancontain about 14 percent of all proven world reserves. Estimatesplace the country's total proven reserves at more than 700,000 tonsof uranium.

Kazakhstan took first place in uranium production in 2009 andcontinues to maintain a leading position in the world market produces about 40 percent of the world's uraniumproduction. In 2021, the volume of uranium production amounted to21,800 tons, according to the results of 2022–21,300 tons.


Trend News Agency

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