Reuters learned about Kazakhstan’s plans to supply oil bypassing Russia

By: | Comments: No Comments

Posted in categories: Lyrics


Kazakhstan is negotiating with Georgia, Azerbaijan and Turkey on the transit of oil to world markets. While it is pumping oil through Russia, the two new routes are capable of delivering only 8% of the oil available via the Russian route< source srcset=" 1010w" type="image/webp" media="(max-width: 640px) and (-webkit-min-device-pixel-ratio: 2), (max-width: 640px) and (min-resolution: 192dpi)" >

Kazakhstan is studying the possibility of oil supplies through Azerbaijan, the relevant preliminary negotiations of the state company “KazMunayGas” (KMG) is working with the Azerbaijani SOCAR, Reuters writes citing three informed sources.

We are talking about pumping 1.5 million tons of Kazakh-made oil through the Azerbaijani pipeline Baku —Tbilisi —Ceyhan (BTD), which pumps fuel to the Turkish port of Ceyhan in the Mediterranean. The parties can reach a final agreement at the end of August, deliveries will begin in a month, the agency's interlocutors said.

Reuters points out that 30,000 barrels per day of oil through this route will be insignificant compared to the 1.3-1.4 million barrels per day that Kazakhstan supplies to the world market through the Russian Caspian Pipeline Consortium (CPC).

The parties plan that another 3.5 million tons of oil from Kazakhstan next year will begin to flow through another Azerbaijani pipeline to a Georgian port at the mouth of the Supsa River, two sources told Reuters. Probably, we are talking about the Western Route Export Pipeline (WREP), in the first six months of this year, about 7 million barrels of oil were pumped through it. As part of the construction of the gas pipeline, a terminal was also built near Supsa with a capacity of 1 million barrels.

Both routes are capable of pumping a little more than 100 thousand barrels daily, which is 8% of the volume of the Russian CPC, Reuters notes.

< p>

The largest shareholders of CPC are Transneft; (24%) and “KazMunayGas” (19%). This is one of the largest investment projects in the energy sector with the participation of foreign partners in the CIS.

Through the Tengiz pipeline — Novorossiysk, with a length of more than 1.5 thousand km, supplies more than two thirds of all export oil of Kazakhstan, as well as raw materials from Russian fields, including those in the Caspian Sea. The company's marine terminal is equipped with three remote mooring units.

Reuters writes that the reason for Kazakhstan's search for other ways to supply oil was the actions of the Russian court against CPC. At the beginning of the month, a court in Novorossiysk suspended the operation of the pipeline for 30 days due to the discovery of environmental violations at production facilities.

Read on RBC Pro Pro How to have a rest in order to have time to recuperate over the weekend Instructions Pro Builders have begun salary races for workers. How the industry is changing Pro x The Economist Mystery of Ghana: how the country with the most paradoxical economic model lives How it will affect his results Articles Pro “The easy way to wealth”: the secrets of successful investing Pro summary Pay more: 5 secrets of working with Chinese partners Articles Pro The most important tax amendments that will appear in the fall of 2022 Articles

A week later, the suspension of activities was replaced by a fine in the amount of 200 thousand rubles. The CPC pointed out the continuous production cycle at the enterprise, due to which the immediate suspension of activities threatens with “irreversible consequences for the production process, the emergence and development of an unfavorable and uncontrollable process at a technical facility, including its destruction.”

At the end of July, due to weather conditions, seven towers of overhead power lines collapsed, which caused the power supply to be cut off at two CPC pumping stations: Kurmangazy; and PS "Isatai" (both are located in the Kazakh city of Atyrau). The company announced the return to normal operation on July 30. Soon, oil pumping through the CPC was again “significantly reduced”, the exact data was not announced by the company. The reason was the repair of the pipeline leading from the Tengiz field in Kazakhstan, and the stoppage of oil production at the Kashagan field, the consortium explained.

Kazakh “CNPC-Aktobemunaigaz” in early June, renamed the brand of oil exported through Russian seaports to Kazakhstan Export Blend Crude Oil (KEBCO). This was done in order to “separate” her from Russian oil due to “recent significant geopolitical changes.” Traders interviewed by Reuters then indicated that Kazakh oil was mistaken for Russian oil more than once.

This year, Kazakhstan intends to export about 69 million tons of oil, which is 2.1% more than last year, writes LSM .kz.

Authors Tags Subscribe to Telegram


Be the first to comment!

Leave a Reply

Your email address will not be published.