ASTANA, Kazakhstan, March 9. KazMunayGas, the
national oil and gas company of Kazakhstan, and SOCAR, the State
Oil Company of Azerbaijan, explored further cooperation in the
field of oil transportation, Trend reports.
According to KMG, the discussions took place as part of a
meeting between Chairman of the Board of KMG Magzum Mirzagaliyev
and the President of SOCAR Rovshan Najaf in Baku.
The parties discussed a gradual increase in the volume of
transit of Kazakh oil through the Baku-Tbilisi-Ceyhan oil pipeline
and issues of transporting Kazakh oil through the Baku-Supsa oil
pipeline, the KMG added.
In 2022, President of Kazakhstan Kassym-Jomart Tokayev ordered
to increase the volume of oil transportation along the
Trans-Caspian corridor. Following this instruction, KazMunayGas and
SOCAR entered into an agreement providing for the transportation of
1.5 million tons of oil per year from the Tengiz field in the
direction of the Baku-Tbilisi-Ceyhan oil pipeline.
In 2023, Kazakhstan transported 1.39 million tons of oil via the
BTC, which is 5.5 times more than in 2022.
Meanwhile, the Middle Corridor links the containerized rail
freight networks of China and the European Union through Central
Asia, the Caucasus, Türkiye, and Eastern Europe.
A multilateral multimodal transport infrastructure links the
Caspian and Black Sea ferry terminals with the railway systems of
China, Kazakhstan, Azerbaijan, Georgia, Türkiye, Ukraine, and
Poland.
The Middle Corridor facilitates increasing cargo traffic from
China to Türkiye, as well as to European countries and in the
opposite direction.
A route train along this corridor delivers cargo from China to
Europe in an average of 20-25 days, and this is one of the main
advantages of this transport corridor.
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