Export of Kazakh oil from port of Aktau increased by 54%

In January-October 2023, the volume of transportation of Kazakh oil from the port of Aktau for export amounted to 2.8 million tons, which is 981,000 tons, or 54%, more compared to the same period last year, Report informs, citing KazTransOil JSC, the national oil transporter in Kazakhstan.

In particular, the volume of oil transportation towards the port of Baku from the port of Aktau increased by 964,000 tons and amounted to 1.123 million tons. 1.676 million tons of Kazakh oil were shipped towards the port of Makhachkala from the port of Aktau, which is 17,000 tons more compared to the same period for 10 months of 2022.

In 2022, the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, ordered to increase the volume of oil transportation along the Trans-Caspian corridor. In accordance with this instruction, JSC NC KazMunayGas and the state oil company of the Republic of Azerbaijan, SOCAR, entered into an agreement providing for the transportation of 1.5 million tons of oil per year from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan oil pipeline.