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Oil export via Aktau-Baku-Batumi route goes down

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caspiThe oil export via the Aktau-Baku-Batumi route goes down, expert Gleb Gorodyankin said at the 8th Caspian Oil & Gas Trade & Transport Conference in Baku.

            He said the makers of Kazakhstahn oil from Kumkol field have decided to refuse of the trans-Caspian route.

            “The makers have made a choice in favor of the pipelines to China and the Russian ports. The last tanker with the Kazakh oil from the Kumkol field was shipped from Batumi in April,” Gorodyankin said.

Expert said that transport costs affect the logistics of oil export.

“Oil export to Batumi is $2.00-3.00 more, than export to China,  $2.00 more than export to the Makhachkala port and $8.00-9.00 more than export to the Russian Ust-Luga,” he said.

 Expert added that  oil export from Kumkol field dropped from 980,000 in 2013 to 342,000 in 2014.

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