Kazakhstan is set to export almost 70 million
tonnes of oil by the end of 2024, with an expected production volume of
approximately 88.5 million tonnes. This was announced by Kazakh Energy Minister
Almassadam Satkaliyev during the Government’s meeting in the Mazhilis, the
Lower House of the Kazakh Parliament. He noted that Kazakhstan primarily
exports oil through the Caspian Pipeline Consortium, which accounts for nearly 55.5
million tonnes of oil, 8.6 million tonnes via the Atyrau-Samara pipeline, with
the rest going to China and the Aktau port. Satkaliyev also highlighted that
work is underway to develop additional transport routes, including through the
Trans-Caspian International Transport Route.
«In 2024, it is planned to transport 1.5
million tonnes of Kazakh oil via the Baku-Tbilisi-Ceyhan pipeline. The
prospects for increasing deliveries via this route in volumes up to 20 million
tonnes per year are being explored. The potential of the Baku-Supsa pipeline is
also being considered. Its capacity is five million tonnes per year, with
possible delivery volumes of up to three million tonnes per year,» noted Kazakh
Energy Minister Almassadam Satkaliyev.
Kazakhstan plans to build new oil refinery with
capacity of 10 million tonnes
According to Satkaliyev, Kazakhstan is
considering the construction of a new oil refinery with a capacity of 10
million tonnes per year. Its construction in the West Kazakhstan region will
enable the export of fuel and lubricants to the markets of Central, South, and
Southeast Asia.
«By 2030, the entire demand is expected to be met,
and the start of construction of this plant will be determined based on preliminary
technical and economic feasibility studies, which should indicate the demand
volumes by that time. As for the construction timeline, it is set at 36 months
from the completion of the design phase. Therefore, the refinery is expected to
be built within the range of 2030 to 2040,» Satkaliyev added.
