KazMunayGas: Supplies to Mediterranean Sea grew due to oil from Azerbaijan

In the first quarter of 2024, the KazMunayGas company increased the volume of mainline and sea oil transportation by 14.2%, to more than 21 million tons, according to the press service of the joint-stock company, Report informs referring to Kazakh media.

“KMG announces production results for the first quarter of 2024. The total volume of mainline and sea oil transportation increased by 14.2%, to 21,541,000 tons. The volume of oil transportation through main pipelines increased by 7.9% and amounted to 18,081,000 tons. The growth was due to an increase in the transportation of export volumes of oil to Europe, as well as an increase in the volume of oil transit and oil shipments from the port of Aktau,” reads the report.

The total volume of sea oil transportation in the first quarter of 2024 increased by 65.2%, to 3.46 million tons, thanks to increased volumes in the Mediterranean and Caspian Seas.

Transportation in the Mediterranean Sea has increased due to Azerbaijani oil transported via the Baku-Tbilisi-Ceyhan oil pipeline. The rise in volumes in the Caspian Sea is associated with an increase in transportation volumes along the routes Aktau port - Makhachkala port and Aktau port - Baku port.