Kazakhstan will soon begin to send its oil through the largest oil pipeline of Azerbaijan. The country is actively looking for alternative oil routes that will not pass through Russia, writes Reuters.
This was reported by sources that are familiar with the topic. According to them, the Kazakhstan State Oil Company Kazmunaygaz is now finishing negotiations with the Azerbaijani SOCAR. Kazakhstan needs permission to sell 1.5 million tons of Kazakhstani oil a year through the Azerbaijani pipeline, according to which oil is delivered to the Turkish Mediterranean Port Jaikhan. The final contract can be signed at the end of August, after which in September, the baku -jaykhan pipe – Tbilisi – Jahan.
will begin in September.
along with these supplies, another 3.5 million tons of Kazakhstani oil per year may begin to arrive in 2023 by another Azerbaijani pipeline in the Georgian Black Sea port of Supas. Together with streams according to BTD, the volume will be slightly more than 100,000 barrels per day.
The Kazakhstani company has abandoned comments, Azerbaijani SOCAR has not yet commented on the deal.
Recall, Kazakhstan actively diversify the ways of sending oil to the bypass of Russia after the Russian court threatened to close the Caspian pipeline consortium, after which the government of Kazakhstan and large foreign manufacturers have concluded contracts with other retail outlets.
Kazakhstan used the KTK pipeline (Caspian pipeline consortium – ed.) for about 20 years to send oil to the world market through the Russian Black Sea port. Now the main risk is that none of the alternative routes can conduct the same volumes of crude oil that were sent to KTK. According to sources, even with Azerbaijani pipelines, Kazakhstan will have to rely on the fleet of tankers for the transportation of oil through the Caspian Sea in Baku from the port of Aktau, which has limited spare capacities.