• KGS/USD = 0.01118 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09129 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01118 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09129 0%
  • UZS/USD = 0.00008 0%

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Oil Exports Across Caspian Sea Increase

KazTransOil JSC, a subsidiary of Kazakhstan’s national oil and gas company KazMunayGas, said on January 12th that it has exported 3.376 million tons of oil from the Caspian port of Aktau in 2023, a 1.108-million-ton increase compared to 2022. The increase is due to the volume of crude oil shipped in the direction of the Baku-Tbilisi-Ceyhan oil pipeline, from 250,000 tons to 1.392 million tons, 5.5-fold more compared to 2022. Of that amount, 1.057 million tons of oil was shipped from the Tengiz oil field in this direction. In addition, in 2023, 1.984 million tons of oil was shipped from Aktau to Makhachkala in Russia. In 2022, President Tokayev ordered that the volume of oil transported along the Trans-Caspian corridor be increased. In accordance with his instruction, KazMunayGas and the state oil company of Azerbaijan, SOCAR entered into an agreement providing for the transportation of up to 1.5 million tons of oil per year from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan oil pipeline.

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