BAKU, Azerbaijan, March 11. It is intended to carry 1.7 million tons of oil from Kazakhstan through Azerbaijan in 2024, and by 2025, the number may surpass 2.2 million tons per year, an informed source exclusively told Trend.
"KazMunaiGas JSC (KMG, Kazakhstan's national oil and gas company) and SOCAR (Azerbaijan's State Oil Company) have agreed to increase oil supplies through Azerbaijan gradually and the oil pipelines coming from Baku through Georgia," the source noted.
Previously, in an exclusive interview with Trend, Magzum Mirzagaliyev, Chairman of the Board of KazMunaiGas JSC, announced an agreement with SOCAR to increase Kazakh oil transit across Azerbaijani territory from 120,000 tons to 180,000 tons per month. Mirzagaliyev further stated that within a month, SOCAR will present KMG with recommendations for the Baku-Supsa oil pipeline route, including tariff policy.
"Volumes from Kazakhstan through Azerbaijan will be distributed so that they will not affect the high quality of oil through the strategic Baku-Tbilisi-Ceyhan (BTC) pipeline. In this sense, the Baku-Supsa pipeline can take more sulfurized oil from Kazakhstan, as it has been idle for almost two years. Volumes and tariffs on Baku-Supsa will be specified," the source emphasized.
Kazakhstan's interest in transit through Baku is related to the upcoming launch of the Tengiz project expansion in 2025.
Kazakhstan was able to transit almost 1.4 million tons of oil through the BTC pipeline in 2023.
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