Kazakhstan's National Sea Carrier increases oil transportation by nearly 60%

Oil&Gas Materials 22 August 2019 17:27 (UTC +04:00)

Baku, Azerbaijan, August 22

By Nargiz Sadikhova - Trend:

Kazakhstan’s KazMunaiGas National Company transported 38.949 million tons of oil by pipelines during 1H2019, which is an increase of five percent compared to the same period of last year, Trend reports with reference to the data of the company.

Thus, the increase in oil transportation volume is mainly attributable to growth in offshore transportation, which is carried out by National Sea Carrier Kazmotransflot LLP (KMTF).

“During 1H2019, the volume of KMTF transportation increased by 59.3 percent compared to 1H2018 and amounted to 5.489 million tons. The growth was mainly due to the increased volumes of oil transportation in the Mediterranean and Black Seas,” the report said.

Furthermore, the redistribution of transportation volumes from the Kenkiyak-Atyrau pipeline to Kenkiyak-Kumkol pipeline caused an increase of volumes (KazMunaiGas’s share) at Kazakhstan-China Pipeline (KCP) by 4.6 percent (180,000 tons) and decrease (KazMunaiGas’s share) at MunayTas NWPC LLP (MT) by 17.6 percent (190,000 tons).

“Decrease in oil transportation volumes by one percent (229,000 tons) was reported by KazTransOil JSC (KTO), on the back of reduction in oil deliveries from third parties to KTO oil pipelines,” stated in the report.

As stated in the report, during 1H2019, gas transportation volume decreased by 8.7 percent year-on-year to 50.1 billion cubic meters mainly due to a decline in transit gas volumes resulting from a redistribution of Russian gas flows of Gazprom and reduction in the gas supply from Uzbekistan and Turkmenistan to China.

The increase in export volumes of gas transportation to China offset the decline in export volumes of Tengiz gas to Russia.

In April 2019, KazMunaiGas launched the feeder transportation on the Trans-Caspian international transport route. The operator of this route is KMTF.

JSC National Company KazMunayGas (KMG) is Kazakhstan's leading vertically integrated oil and gas company, operating assets across the entire production cycle from the exploration and production of hydrocarbons to transportation, refining and specialised services. Established in 2002, the company represents the government’s interests in the national oil and gas industry.


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