Kazakhstan's national oil company increases oil transportation
BAKU, Azerbaijan, Nov.25
By Nargiz Sadikhova - Trend:
During first nine months of 2019, KazMunayGas National Company (KMG) transported 58.6 million tons of oil, reflecting an increase of 5.4 percent year-on-year, Trend reports with reference to the data of KMG.
As reported, increase in oil transportation volumes was mainly attributable to growth in offshore transportation, which is carried out by National Maritime Shipping Company Kazmotransflot LLP (KMTF).
For the nine months of 2019, the volume of KMTF transportation increased by 68.9 percent year-on-year to 8.3 million tons.
“The growth was mainly due to the implementation of the agreement signed at the end of 2018 on supply and transportation between KMTF, KMG and its subsidiary KMG I, resulting in increased volumes of oil transportation in the Mediterranean and Black Seas,” the report said.
In turn, oil pipeline transportation slightly decreased to 50.3 million tons mainly due to lower volumes supplied for transportation by the producers in Kyzylorda region.
During the nine months of 2019, gas transportation volumes decreased by 11.5 percent year-on-year to 74.3 billion cubic meters.
“This is mainly due to the decline in transit gas volumes resulting from redistribution of Russian gas flows supplied by PJSC Gazprom and reduction in the volume of transit of Central Asian gas to China,” the report said.
In the reporting period, sales of oil and gas condensate produced by KMG were relatively stable and amounted to 17.8 million tons, 12.5 million tons of which were exported.
Own produced crude oil sales to the domestic market remained almost the same year-on-year and totaled 5.2 million tons (including 2.5 million of crude oil volumes under the processing scheme).
National Company KazMunayGas is the Kazakhstan 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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