Kazakhstan continues talks with Azerbaijan on oil transportation options

KazMunayGas (KMG), a national oil and gas company of Kazakhstan, continues negotiations with the State Oil Company of Azerbaijan (SOCAR) on oil transportation options, Report informs, citing Interfax Kazakhstan.

"Within the further diversification of export routes of Kazakh oil and the development of the Trans-Caspian International Transport Route, the Ministry of Energy and "KazMunayGaz" have started negotiations with the Azerbaijani side on the issues of transportation of Kazakh oil through the territory of Azerbaijan," the energy ministry recalled.

The ministry said that currently, "KazMunayGaz" continues negotiations with SOCAR and Kazakhstan oil companies regarding various options for oil transportation.
Earlier, the Energy Minister of Kazakhstan, Bolat Akchulakov, stated that the possibility of transporting only a small amount of oil through the territory of Azerbaijan is being considered: "The issue of sending a certain amount of oil to Azerbaijan through the Caspian Sea is a technical issue, and we are not talking about some large volume of transportation, but some that may occur as a result of the increase in oil production in our country."