BAKU, Azerbaijan, Apr. 29
By Nargiz Sadikhova - Trend:
The volume of oil transportation by Kazakhstan’s KazMunayGas National Company (KMG) has decreased by 5.8 percent year-on-year and amounted to 18.5 million tons, Trend reports with reference to the KMG report.
The report said that the volume of oil transportation through the trunk pipelines decreased by 3.8 percent year-on-year and amounted to 16.1 million tons.
“Slight decrease is explained by the limited oil supply from Aktobemunaigas JSC and the decrease in oil supply from oil companies operating the Kumkol group of fields. The decrease was partially offset by an increase in the transportation volume of the Caspian Pipeline Consortium (CPC) by 4.7 percent year-on-year to 3.5 million tons,” the report said.
Offshore oil transportation decreased by 17.4 percent year-on-year to 2.3 million tons. The report said that the decrease is majorly attributable to lower dispatch volumes in the Mediterranean Sea and lower shipments in Aktau – Makhachkala direction.
Gas transportation through KMG’s gas pipelines increased by 9.4 percent year-on-year to 28.3 billion cubic meters in 1Q2020.
“The growth is mainly attributable to carrying out gas transit from Turkmenistan, higher transit volumes of gas from Russia’s Gazprom and higher gas transit from Uzbekistan,” the company said.
Gas sales increased by 7.8 percent year-on-year to 7.8 billion cubic meters. Exports of sales gas amounted to 2.5 billion cubic meters, of which 76 percent was exported to China under the agreement dated in October 2018 on the supply of natural gas to China in the amount of up to 10 billion cubic meters. The company said that because of the pandemic in 1Q2020, gas exports to China were below the planned volumes, but 10 percent higher year-on-year.
In turn, the sales volume of KMG's own produced oil and gas condensate increased slightly in 1Q2020 year-on-year and amounted to 5.9 million tons, of which 69 percent was exported.
Domestic supply of own produced oil and gas condensate amounted to 1.8 million tons in 1Q2020, including the crude oil supply from KMG-operated assets (OzenMunayGas, EmbaMunayGas, and Kazakhturkmunay) in the amount of 1.01 million tons to Atyrau and Pavlodar refineries for further oil refining and sale of oil products.
KazMunayGas National Company (KMG) is Kazakhstan's operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.
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