Monday, July 14, 2025
Caspian Barrel
Advertisement
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
Caspian Barrel
No Result
View All Result

Kazakhstan considers transit of energy resources through Azerbaijan

11/12/2017
Qazaxıstanın enerji resurslarının Azərbaycandan tranziti üzrə işçi qrupu yaradılır
0
VIEWS
Share on FacebookShare on Twitter

Baku and Astana set up two working groups on the issues of transporting Kazakh oil and gas through Azerbaijan to world markets. Such a statement was made by Energy Minister Kanat Bozumbayev to journalists in Baku 7 December.

“The volumes of Kazakh gas production will increase and Azerbaijan will be considered as export routes,” said Bozumbayev. According to Bozumbayev, for the first time since this year Kazakhstan began exporting a large volume of gas to China. “The contract provides for the delivery of 5 bcm of gas in 2018. In addition, at present, Kazakhstan also cooperates with the Russian Gazprom in the issue of gas supplies,” the Minister added.

As one of the options, we are considering the construction of an LNG plant in the West of Kazakhstan with the subsequent transportation of this product through Azerbaijan to the world markets,” said Bozumbayev. According to him, Kazakhstan has reached an agreement with Azerbaijan on the creation of an ad-hoc working group of representatives of relevant ministries and departments.

“This working group will study and report on the viability of this project over the next few months,” he said. Bozumbayev added that the second working group will study the competitiveness of transportation of Kazakh oil through Azerbaijan to world markets.

“We agreed to establish a working group on the transit of Kazakh oil through Azerbaijan, which will have to work out the pipeline and transshipment capabilities of Azerbaijan for receiving Kazakh oil and the competitiveness of this route,” Bozumbaev said.

According to him, currently 250 million barrels of oil are produced from the Kashagan field, and in 2018 this figure is projected to grow 1.5 times. In addition, work continues on the Tengiz field expansion project, for which $ 37 billion has been invested. “This will allow us to increase production by 12 million tons year on year from the Tengiz field and in 3 years 39-40 million tons of oil will be produced there. At Kashagan, the annual production of oil can reach 12-13 million tons,” he stressed.

The Minister recalled that at present the main route for the export of Kazakh oil is the Caspian Pipeline Consortium (Tengiz-Novorossiysk). For Kazakhstan, its throughput capacity is 53-54 million tons. In addition, Kazakhstan delivers oil to China.

“Taking into account the development of the Kashagan and Tengiz fields, as well as a number of other deposits, additional volumes of oil will appear in 3-4 years for transportation to the world markets, therefore we consider, among other things, a very promising direction of export through Azerbaijan,” the Minister said.

Tags: Kanat BozumbayevKazakh oil and gasKazakh oil is the Caspian Pipeline ConsortiumКашаганТенгиз

Related Posts

Более 29 млн тонн нефти добыли на Тенгизском месторождении в 2019
Kazakhstan

Oil production has begun under a new project at the “Tengiz” field

27/01/2025
Добычу нефти на Кашагане снизили из-за скопления сероводорода
Kazakhstan

Operator of Kashagan fined $6.9 million for environmental damage

14/01/2025
Kazakhstan’s Compensation Claims Against Kashagan Oil Firms Jump to $150 billion
Kazakhstan

Kazakhstan’s Compensation Claims Against Kashagan Oil Firms Jump to $150 billion

18/04/2024
Число зараженных коронавирусом на месторождении Тенгиз резко выросло
Kazakhstan

Tengiz, Karachaganak and Kashagan retain oil production plans for 2024

22/01/2024
Kazakhstan to press ahead with $16.5 bln claim against oil majors
Kazakhstan

Kazakhstan to press ahead with $16.5 bln claim against oil majors

06/06/2023
Kashagan operator declares “some disagreements” with the Ministry of Ecology of Kazakhstan
Kazakhstan

Kashagan operator declares “some disagreements” with the Ministry of Ecology of Kazakhstan

17/04/2023
Please login to join discussion
WTI Crude Price
Brent Crude Price

Vacancy

Wood Nobel Energy is looking for an Engineering Manager

14/07/2025
Azerbaijan

Azerbaijan, Saudi Arabia discuss co-op in hydrocarbon sector

10/07/2025
İnteresting News

OPEC+ ıncreased oıl productıon, but what now?

09/07/2025
Azerbaijan

Azerbaijan operator plans Caspian drilling campaign in bid to boost gas output

09/07/2025
İnteresting News

ICGB launches market demand assessment for capacity expansion of IGB pipeline

09/07/2025
Azerbaijan

SOCAR today announced its audited financial report for 2024

08/07/2025
Vacancy

International Company is looking for a PE01-ESG-Tech Advisor-PE

14/07/2025
Vacancy

International Company is looking for a Service and Maintenance Engineer

03/07/2025
Azerbaijan

Hungary receives first cargo under Azerbaijan oil import deal

30/06/2025
Vacancy

Everllence Schweiz AG (former MAN Energy Solutions Schweiz AG) is looking for a Mechanical Engineer

24/06/2025

No Result
View All Result
  • Azərbaycan
  • English
  • Русский
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • Contact

© 2014 - 2024 CaspianBarrel - Xəzərin neft və qaz xəbələri.