BAKU, Azerbaijan, April 23. Kazakhstan and
Azerbaijan are actively working to optimize oil supply chains,
Deputy General Director for Commercial Affairs at KMG Kashagan
B.V., Kuanysh Keskinbayev, told Trend in an exclusive interview on the
sidelines of the Second Caspian and Central Asian Oil Logistics and
Trading Forum in Baku.
“We have a general agreement under which we operate. Under this
agreement, we are constantly working to increase transit volumes.
However, frankly speaking, the most important issue is the
economics of the route. Because it’s a very long, multimodal route,
we are currently actively working to resolve this issue,”
Keskinbayev noted.
He also clarified the current volumes of Kazakh oil supplies via
Azerbaijan.
“From the Kashagan field, we ship nearly 250,000 tons of oil per
year via Azerbaijan, and from Tengiz, approximately 1.5 million
tons,” he noted.
Speaking about the prospects for new projects, Keskinbayev noted
absence of major new initiatives in the current plans, but pointed
out the expansion of production at Tengiz.
“As part of the expansion, a third-generation plant was launched
at Tengiz, which increased production by 10-11 million tons per
year,” he added.
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