Kaztransoil Names Volume Of Oil Transported In Direction Of Baku In 5M2024

(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 8. Kazakhstan's KazTransOil (the national operator of the main oil pipeline) transported over 500,000 tons of oil in the direction of Baku from January through May 2024, a source at KazTransOil told Trend .

"From January through May 2024, 577,500 tons of oil from the Tengiz field were transported through the port of Aktau in the direction of the Baku-Tbilisi-Ceyhan oil pipeline," the source said.

According to the company, there are no changes in plans for transportation volumes at the end of 2024.

"Over the entire year 2024, it is planned to transport up to 1.5 million tons of oil through the port of Aktau in the direction of the Baku-Tbilisi-Ceyhan oil pipeline. KazTransOil supplies oil in accordance with the oil transportation schedule. This schedule is approved by the Ministry of Energy of Kazakhstan based on applications from shippers," the source added.

To note, at the end of 2023, the loading of oil into tankers in the port of Aktau using the facilities of KazTransOil amounted to 3.376 million tons, including 1.057 million tons in the Baku-Tbilisi-Ceyhan direction.

Meanwhile, in 2022, President of Kazakhstan Kassym-Jomart Tokayev issued an order to enhance the amount of oil transported through the Trans-Caspian corridor. The State Oil Company of the Azerbaijan Republic (SOCAR) and KazMunayGas, the country's oil and gas company, signed an agreement allowing for the transportation of up to 1.5 million tons of oil annually from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan oil pipeline in compliance with this directive.

In addition, during the visit of President of Kazakhstan Kassym-Jomart Tokayev to Azerbaijan on March 11–12, KazMunayGas and SOCAR signed an agreement to increase the volume of oil transported via the BTC to 2.2 million tons per year.

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