...

Kazakh KazMunayGas decreases oil transportation volumes y-o-y

Business Materials 12 May 2021 12:25 (UTC +04:00)
Kazakh KazMunayGas decreases oil transportation volumes y-o-y

BAKU, Azerbaijan, May 12

By Nargiz Sadikhova - Trend:

The volume of oil produced by Kazakhstan’s KazMunayGas (KMG) and transported via trunk pipelines and sea transportation in the first quarter of 2021 decreased by 1 percent to 18.3 million tons, Trend reports citing KMG.

The volume of oil transportation through trunk pipelines decreased by 2 percent and amounted to 15.8 million tons. The decrease in oil delivery volumes was due to the fulfillment of obligations by shippers to limit oil production under the OPEC + agreement.

In turn, the overall reduction was partially offset by the restoration of the level of oil supplies from JSC CNPC-Aktobemunaigas to the pre-January 2020 level, when there was a decrease in oil supplies due to a critical excess of organochlorine compounds in the oil, and also offset by an increase in oil transportation to the Shymkent refinery (PKOP).

Compared to the same period, the total volume of oil marine transportation in the first quarter of 2021 increased by 5.8 percent, mainly due to the growth in volumes in the Black Sea.

The volume of gas transported through the main gas pipelines of KMG in the first quarter of 2021 decreased by 21.8 percent to 22.1 billion cubic meters.

The decrease was due to the reduction in transit flows of Russian gas by PJSC Gazprom through the territory of the Republic of Kazakhstan due to the commissioning of new gas transportation facilities and diversification of gas transportation routes to Russia. Along with this, there was a decrease in gas exports to China, as well as a decrease in the export of Karachaganak gas to Russia.

---

Follow the author on Twitter: @nargiz_sadikh

Tags:
Latest

Latest