Transit volumes of Kazakh oil via BTC for August defined

The volume of Kazakh oil supplies from Aktau to Baku for subsequent export via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline will amount to 120,000 tons, a source in KazMunayGas (KMG) told Report.

"The shipment of Kazakh oil from the port of Aktau in the direction of Baku for transportation via the BTC pipeline in August is planned at 120,000 tons. In January-July 2024, this figure amounted to 837,000 tons," the source noted.

According to KMG, compared to the figure for January-July 2023, the transit of Kazakh oil via BTC increased by 365,000 tons, or 77.3%.

The company added that in general, in 2024, supplies of Kazakh oil from Aktau to Baku for subsequent export via BTC are planned at 1.5 million tons.

As reported, in 2023, more than 1 million tons of Kazakh oil were sent from the port of Aktau to the BTC system. In 2022, KMG and SOCAR signed a five-year agreement on oil transit along the Aktau-Baku-Ceyhan route with an annual volume of 1.5 million tons.