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Germany has agreed to extend Kazakh oil imports for six months (January-June 2024) with a transportation volume of 100,000 tons per month. This comes as a result of a February 6th meeting between the chairman of Kazakhstan’s national oil and gas company KazMunayGas, Magzum Mirzagaliyev, and Johannes Bremer, the chairman of Rosneft Deutschland. Rosneft Deutschland GmbH is the third largest petroleum processing company in Germany. It is now under German government control, following Russia’s invasion of Ukraine and the introduction of EU sanctions on Russian oil imports. Mr Mirzagaliyev and Mr Bremer announced that in 2023, 993,000 tons of Kazakh oil were transported through the Druzhba oil pipeline in Russia in the direction of Germany. KazMunayGas’ head said that Kazakhstan was interested in increasing its oil exports to Germany. “I am confident that joint activities will be mutually beneficial and long-term for the benefit of the economies of our countries,” said Mirzagaliyev.
KazTransOil JSC, the national oil pipeline operator and a subsidiary of Kazakhstan’s national oil and gas company KazMunayGas, says it supplied 993,000 tons of oil to Germany in 2023. Oil from Kazakhstan is transported to Germany through the trunk oil pipeline system of the Russian state-controlled pipeline transport company, Transneft. In January 2024, KazTransOil plans to transport 100,000 tons of oil to Russia for further delivery to Germany. During 2024 as a whole, KazTransOil plans to ship up to 1.2 million tons of Kazakh oil to Germany via the trunk oil pipeline system of Transneft.
The Ministry of Energy of Kazakhstan says it has reached a preliminary agreement on the supply of liquefied petroleum gas produced at the Kashagan field to the domestic market of Kazakhstan. The agreement was reached with the shareholders of the Kashagan field, the ministry said on January 16th. Kashagan is a giant offshore oil and natural gas field in the north Caspian Sea, discovered in 2000, near the city of Atyrau. The field is run by the North Caspian Operating Company (NCOC) which includes Eni (16.81% stake), Shell (16.81%), TotalEnergies (16.81%), ExxonMobil (16.81%), KazMunayGas (16.88%), Inpex (7.56%), and the China National Petroleum Corporation (8.33%). According to the preliminary agreement, the national company, QazaqGaz will negotiate with the shareholders of the Kashagan field on future potential supplies of liquefied petroleum gas produced at the Bolashak integrated oil and gas processing plant. To date, the parties are collaborating towards making a Final Investment Decision on an infrastructure project in the field of liquefied petroleum gas in 2024. It is planned that supplies of liquefied petroleum gas to the domestic market will begin by the end of 2025. By 2027, after the completion of infrastructure work at the Kashagan field, LPG production volumes will reach 700,000 tons per year. Liquefied petroleum gas is a very popular motor fuel in Kazakhstan, which is relatively cheap compared to gasoline and diesel. A dramatic price hike for LPG was the initial stimulus for mass protests in the city of Zhanaozen in January 2022, which then spread across the country.
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.
The Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector will take place on April 24th and 25th, 2024 in Paris. The Forum's organizers are the State Concerns Turkmengaz, Turkmennebit (Turkmen oil), and the State Corporation Turkmengeology in partnership with the Turkmen Forum and U.K.-based GaffneyCline, according to the official website of the event. The purpose of the Forum is to expand the opportunities for attracting foreign direct investment in all aspects of the energy industry of Turkmenistan, and to strengthen regional dialogue on further sustainable development of the energy sector. Upstream, midstream and downstream opportunities will also be addressed. The Forum will bring together leading national and international energy companies, as well as experts who shape the future of the oil and gas industry not only in Turkmenistan, but also in the wider region. Turkmenistan has repeatedly stated that increasing production and diversifying the export of its hydrocarbon resources is a priority task of the country’s oil and gas sector.
On January 4th and 5th, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty (People’s Council) of Turkmenistan, Gurbanguly Berdimuhamedov made a working visit to the United Arab Emirates. On the 4th in Abu Dhabi, Berdimuhamedov had a meeting with the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, during which they discussed the intensification of bilateral cooperation in a number of promising areas, the Turkmen Foreign Ministry stated. On the second day of the visit, in Dubai, the Berdimuhamedov held a meeting with the Chairman of the Board of Directors of Dragon Oil, Saeed Al Tayer, during which they discussed the possibility of expanding bilateral cooperation, taking into account the accumulated experience of prior joint work and Turkmenistan’s plans for the further development of its fuel and energy sector. Berdimuhamedov emphasized that the energy policy pursued by Turkmenistan aims at increasing the volume of production and refining of oil and natural gas, as well as exporting more energy resources and finished oil and gas chemical products. For that purpose, Turkmenistan is engaged in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, designed to give impetus to the socio-economic development of the entire region. The third stage in the development of Turkmenistan’s giant Galkynyş gas field is expected to become the source for ensuring the supply of natural gas through this pipeline. Berdimuhamedov invited partners and investors from the UAE to participate in the implementation of new energy projects for the construction of gas pipeline infrastructure intended for the export of Turkmenistan’s natural gas. During the visit, a Memorandum of Understanding was signed between the State Concern Türkmengaz and the Abu Dhabi National Oil Company (ADNOC), stating the intention of the parties to attract strategic partners for the development of the third stage of the Galkynyş field and their possible participation in the implementation of energy projects related to the construction of gas pipeline infrastructure.
