Kazakhstan's petroleum products export to Russia down twofold
BAKU, Azerbaijan, Sept. 18
By Nargiz Sadikhova - Trend:
Kazakhstan has exported 28,769 tons of crude oil worth $5.9 million to Russia in 1Q2020, a source at Kazakhstan’s oil and gas market told Trend.
The exported volume was 29.09 percent less than during 1Q2019 (40,575 tons), whereas the value was 57.06 percent less than in 1Q2019 ($13.8 million).
During the reporting period, Kazakhstan has also exported 40,008 tons of petroleum products to Russia, for a total of $13.3 million.
Petroleum products export volume was 46.6 percent less than in 1Q2019 (74,959 tons), whereas export value was 56.7 percent less than in 1Q2019 ($30.9 million).
Kazakhstan’s overall export of crude oil stood at 33.3 million tons worth $15.08 billion in 1H2020 which is compared to 34.6 million tons worth $16.4 billion in 1H2019.
Kazakhstan’s overall export of petroleum products stood at 364,459 tons of products worth $1.04 million in 1H2020 which is compared to 574,297 tons worth $1.6 million in 1H2019.
The value of trade turnover between Kazakhstan and Russia amounted to $8.07 billion over 1H2020, compared to $9.03 billion during the same period of 2019.
The share of Russia in the total value of Kazakhstan’s trade turnover stood at 19 percent during the reporting period compared to 19.6 percent during the same period of 2019.
Russia’s share in the total volume of Kazakhstan’s export amounted to less than 8.1 percent during the reporting period of 2020 compared to 9.3 percent during the same period of 2019.
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