Kazakhstan intends to supply and sell part of its oil - approximately 100,000 barrels per day or 8% of the volume transported through the Caspian Pipeline Consortium (CPC) - through Azerbaijan's pipelines, bypassing Russia.
"APA-Economics" reports with reference to "Reuters" that for 20 years, oil from Kazakhstan was supplied to the port of Novorossiysk through the pipeline of the Caspian Pipeline Consortium.
However, after a Russian court in July suspended the CPC for 30 days due to violations of its oil spill response and environmental safety plan, Kazakhstan began looking for alternatives.
The source cited by the agency said that Kazakhstan's national company "KazMunayGaz" is already conducting preliminary negotiations with SOCAR regarding oil supply.
1.5 million per year with the Baku-Tbilisi-Ceyhan (BTC) pipeline.
plans to sell tons of fuel.
Thus, Kazakhstan will be able to sell slightly more than 30 thousand barrels of oil per day through BTC.
The total oil export of the country is 1% of the world.
This means 1.4 million barrels per day.
It is expected that the agreement on oil export between the parties will be signed at the end of August, and the supply will start in the fall.
In addition, Kazakhstan intends to export 3.5 million barrels of oil per year through another pipeline of Azerbaijan - Baku-Supsa, starting from 2023.