Kazakhstan is carrying out major expansion projects at the Tengiz, Karachaganak, and Kashagan oil fields. The throughput capacity of the Kazakhstan section of the Caspian Pipeline Consortium (CPC) pipeline has been increased from 54 million to 72.5 million tons per year, and the country has begun oil shipments along the Trans-Caspian route, which will be increased to 3 million tons within two years, the Kazakh government’s website reported on February 5th.
In 2023 Kazakhstan increased crude oil shipments from the Caspian port of Aktau in the direction of the Baku-Tbilisi-Ceyhan oil pipeline from 250,000 tons to almost 1.4 million tons.
In 2022 Kazakhstan’s president Kassym-Jomart Tokayev ordered that the volume of oil transported along the Trans-Caspian corridor be increased. Kazakhstan’s national oil and gas company KazMunayGas and the state oil company of Azerbaijan, SOCAR, entered into an agreement to transport up to 1.5 million tons of oil per year from the Tengiz field in the direction of the Baku-Tbilisi-Ceyhan oil pipeline.
The Kazakh government has also announced that work is underway to increase the production capacity of the Shymkent oil refinery in the south of Kazakhstan from 6 million to 12 million tons per year, which will fully meet the needs of the domestic market for motor fuel.