BAKU, Azerbaijan, March 2. Kazakhstan plans to
increase the volume of oil transit via the Aktau-Baku-Ceyhan route
to 1.7 million tons in 2025, said Iskaziyev Kurmangazy, First
Deputy Chairman of the Board of “KazMunayGas” (KMG), Trend reports.
Speaking at an extended session of the Ministry of Energy of
Kazakhstan, Kurmangazy noted that the transit volume of Kazakhstani
oil along the Aktau-Baku-Ceyhan route under an agreement with the
State Oil Company of Azerbaijan Republic (SOCAR) has already been
increased to 1.4 million tons, representing a 27 percent rise.
He elaborated that this metric is projected to escalate to 1.7
million tons within the ongoing fiscal year.
To recall, a master agreement on the transit of Kazakh oil was
signed between KMG and SOCAR in 2022. In March 2023, a trial
shipment of 7,000 tons of oil from the Kashagan field was sent
through Azerbaijan, with Inpex North Caspian Sea Ltd. acting as the
shipping party.
In total, the volume of oil transportation from Kazakhstan in
2024 reached 83.5 million tons, marking a four percent increase
compared to the previous year.
