Kazakhstan plans significant boost in oil exports bypassing Russia
Kazakhstan plans to increase oil exports from the Turkish port of Ceyhan, which will reduce the more than 80% share of flows that currently pass through Russia. This was reported by Reuters, citing a statement by Energy Minister Almasadam Satkaliyev.
Main points of the article:
▫️ According to Satkaliyev, exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline could increase to 20 million tons per year from the current 1.5 million.
▫️ There is interest in developing and gradually increasing the volume of Kazakh oil supplies in this direction from both Kazakhstan and its Azerbaijani partners.
▫️ This year, Kazakhstan plans to export 68.8 million tons of oil, of which 55.4 million tons will be transported through the Caspian Pipeline Consortium to the Russian port of Novorossiysk, and another 8.6 million tons will be transported through the Atyrau-Samara pipeline, also via Russia.
▫️ Therefore, as a result of the plans to increase exports through the BTC pipeline, the share of Russia—currently accounting for more than 80% of Kazakhstan’s oil exports—will be significantly reduced.
This demonstrates that Kazakhstan is actively seeking to reduce its dependence on Russia and is exploring alternative routes for oil exports. In particular, security guarantees for the port of Novorossiysk, where the Caspian Pipeline Consortium terminal is located, have been undermined by Ukrainian attacks on strategic Russian facilities in the region.
