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Kazakhstan’s KazMunayGas sees slight decrease in oil transportation volumes

Oil&Gas Materials 2 August 2021 13:58 (UTC +04:00)
Kazakhstan’s KazMunayGas sees slight decrease in oil transportation volumes

BAKU, Azerbaijan, August 2

By Nargiz Sadikhova - Trend:

The volume of oil trunk pipelines and sea transportation by Kazakhstan’s KazMunayGas National Company (KMG) decreased by 1 percent in the first half of 2021 to 36.9 million tons, Trend reports citing the KMG.

The volume of oil transportation through trunk pipelines decreased by 1.8 percent and amounted to 31.8 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 an increase in oil supply volumes towards Pavlodar petrochemical plant to ensure the required volumes in the domestic market.

Compared to the same period, the total volume of oil marine transportation in the first half of 2021 increased by 4.1 percent to 5.09 million tons mainly due to the growth in volumes in the Black Sea which caused by revival of the global oil shipping market.

The volume of gas transported through the main gas pipelines of KMG in the first half of 2021 increased by 2.7 percent to 46.4 billion cubic meters.

The increase was mainly due to the growth in transit flows from Turkmenistan to the Russian Federation and China, as well as an increase in gas consumption in the domestic market, in particular, in the southern regions of Kazakhstan.

Along with this, there is a decrease in export volumes to Russia due to the redistribution of Karachaganak gas to the domestic market and a decrease in export volumes from Tengiz.

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Follow the author on Twitter: @nargiz_sadikh

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