KazTransOil increased oil exports to Baku port by 75%

In April, Kazakhstan's KazTransOil JSC increased its oil exports in the direction of Baku port by 75 percent.

The volume of transportation of Kazakh oil for export from Aktau port rose by 60.5 tons in April compared to March 2023, or by 24 percent, which amounted to 312.6 thousand tons. This also includes 115,000 tons from Tengiz field, 19,200 tons from Dunga field and 178,300 tons from fields in Buzachi Peninsula.

According to the company, the increase in the volume of transportation of Kazakhstani oil for export from Aktau port was caused by the growth of the volume of raw materials shipped via Baku port from 87,000 tons to 152,400 tons, or 75 percent, compared with March 2023.

In addition, during the reporting period 160.2 thousand tons of oil were shipped from Aktau port in the direction of Makhachkala port.

In 2022, President of the Republic of Kazakhstan Kassym-Jomart Tokayev instructed to increase oil transportation via Trans-Caspian corridor.

The national company KazMunayGas and the State Oil Company of Azerbaijan (SOCAR) signed an agreement providing for the transportation of 1.5 million tons of oil per year from the Tengiz field to the Baku-Tbilisi-Ceyhan oil pipeline.