Tuesday, 02 January 2024 12:17 GMT

Kazakhstan Sees BTC Pipeline As Key Route For Oil Exports - Minister


(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 1. Kazakhstan views the Baku-Tbilisi-Ceyhan (BTC) pipeline as one of the most promising routes for oil exports and intends to utilize its spare capacity in the future, the country's Minister of Energy, Yerlan Akkenzhenov, said, Trend reports.

He made the remark on the plenary session titled“International Cooperation for a Resilient and Diversified Energy Future,” held as part of Baku Energy Week.

The minister noted that Kazakhstan is already utilizing the Caspian Pipeline Consortium (CPC) at nearly full capacity and needs additional routes to transport oil to international markets.

According to him, last year Kazakhstan faced operational issues with the CPC, which led to the need to limit oil production.

“The BTC already exists, and it would be irrational not to use it,” the minister said.

He emphasized that Kazakhstan supplies about 80% of its oil production to international markets, with the European market remaining the primary export destination.

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Trend News Agency

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