Kazakhstan is in a position to increase oil exports by 2023

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The Caspian Pipeline Consortium (CPC), which manages the shipment and exports of most of the crude pumped to Kazakhstan, is in a position to send more crude to Black Sea export terminals, CPC Director General Nikolay Gorban said on Friday.

Last year, a total of 58. 7 million tons of oil were transported by the Tengiz-Novorossiysk pipeline system, of which about 52. 2 million tons were pumped to Kazakhstan, Gorban told Kazakhstan’s Energy Minister Bulat Aqchulaqov at an assembly held today.

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Kazakhstan’s oil production and exports declined for most of the time in 2022, due to a partial blackout of Kashagan huge oil box due to a fuel leak and urgent maintenance at two of CPC’s Black Sea terminals.

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Kazakhstan’s oil exports through the Black Sea terminal faced at least a month of reduced shipments and disruption of loading schedules due to urgently needed maintenance at two of the terminal’s 3 mooring points, the consortium said in late August.

In the third and fourth quarters of 2022, Kazakhstan’s huge oil box, Kashagan, went down or pumped at reduced rates after a fuel leak was detected at the site in August. bpd) The oil box would partially restart production and that once integrity and maintenance checks were completed, full production would be restored at the facility.

By 2023, Kazakhstan expects to deliver up to 1. 5 million tons of oil via the Baku-Tbilisi-Ceyhan pipeline, as part of ongoing efforts to locate export routes that bypass Russia.

By Tsvetana Paraskova for Oilprice. com

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