Kazakhstan's crude oil exports to India surge in 1H2020
BAKU, Azerbaijan, Sept. 18
By Nargiz Sadikhova - Trend:
Kazakhstan has exported 3.6 million tons of crude oil worth $1.5 billion to India in 1Q2020, a source at Kazakhstan’s oil and gas market told Trend.
The exported volume was 3.2 times more than during 1Q2019 (1.1 million tons), whereas the value was 2.8 times more than in 1Q2019 ($547.9 million).
During the reporting period, Kazakhstan has also exported 1.3 million tons of crude oil to South Korea, for a total of $607.5 million, which also is 52.6 percent less in volume (2.7 million tons in 1Q2019), and 54.1 percent less in value ($1.3 billion in 1Q2019).
Kazakhstan crude oil export to Brunei amounted to 502,193 tons worth $231.8 million, whereas export to UAE stood at 66,618 tons worth $25.8 million in 1Q2020.
Kazakhstan was not exporting crude oil to Brunei and UAE in 1Q2019.
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.
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