Kazakhstan reports sixfold increase in its oil exports via Baku

Over the period from January to November 2023, Kazakhstan exported 1.238 million tons of oil through the port of Aktau and Baku, which is a six-time increase compared to the same period last year, according to KazTransOil, the national oil pipeline company in Kazakhstan (subsidiary of KazMunayGas).

«Over the first 11 months of 2023, exports of Kazakhstani oil through the port of Aktau reached 3,062,000 tons, which is 1,014,000 tons or 50% more than the same period last year. The increase in the amount of oil exported from the port of Aktau has been driven by the growth of oil exports toward the port of Baku from 205,000 to 1,238,000 tons of oil, which is a six-time increase over the same period of 2022,» the company said in a statement.

In addition, Kazakhstan exported 1.824 million tons of oil from the port of Aktau toward the Russian port of Makhachkala. KazTransOil didn’t provide any figures concerning exports in this direction last year though. From January to October 2023, the company shipped 1.7 million tons of oil, a minor increase of just 17,000 tons over the same period last year.

Early this year, KazTransOil raised its tariff for oil discharge from railway cisterns at the Aktau railway station from $0.26 to $0.82 (VAT excluded) per ton.

In 2022, President Kassym-Jomart Tokayev ordered the country’s cabinet to boost the amount of oil exports via the Trans-Caspian Corridor. Right after that, KazMunayGas and Azerbaijani SOCAR signed a contract for transporting 1.5 million tons of oil from the Tengiz oil field toward the Baku-Tbilisi-Ceyhan oil pipeline.