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25 November 2024
Kazakhstan Plans 13-Fold Increase in BTC Oil Shipments to 20 Million Tons Annually
"For 2024, there are plans to supply 1.5 million tonnes of Kazakh oil through the BTC. The prospect of increasing supplies along this route to 20 million tonnes per year is being studied."
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Kazakhstan is considering raising its annual oil shipments through the Baku-Tbilisi-Ceyhan (BTC) pipeline to 20 million tonnes, up from the current 1.5 million tonnes, according to Energy Minister Almassadam Satkaliyev, The Caspian Post reports citing Interfax.
"For 2024, there are plans to supply 1.5 million tonnes of Kazakh oil through the BTC. The prospect of increasing supplies along this route to 20 million tonnes per year is being studied," Satkaliyev said during the government hour in the lower house of parliament on Monday. This would be more than a 13-fold increase.
The minister said there is interest in increasing Kazakh oil shipments through the BTC "both on our part and on the part of our Azerbaijani partners."
Kazakhstan began shipping oil through the BTC pipeline in April 2023 in order to diversify its crude exports. The State Oil Company of Azerbaijan Republic (SOCAR) and KazMunayGas signed a contract to transport 1.5 million tonnes of Kazakh oil per year through the pipeline.
