BAKU, Azerbaijan, May 13. Kazakhstan’s KazmunayGas’ (KMG) volume of oil trunk pipelines and sea transportation in the first quarter of 2022 slightly decreased by 0.1 percent compared to the same period last year and amounted to 18.3 million tons, Trend reports citing the company.
The volume of oil transportation through trunk pipelines in the first quarter of 2022 increased by 1.3 percent and amounted to 16.04 million tons.
“The growth was due to an increase in the volumes of oil supplies towards Kazakhstan’s refineries to ensure the required refining volumes in the domestic market. Nevertheless, natural decline in oil production at mature fields caused reduction of export transportation volumes. The overall reduction of export transportation was partially offset by an increase in volumes of the Caspian Pipeline Consortium and Kazakhstan-China Pipeline due to the easing of restrictions under the OPEC+ agreement,” the company said.
Compared to the same period, the total volume of oil transportation by sea in the first quarter of 2022 decreased by 9.1 percent to 2.2 million tons.
“The decline was mainly on the back of the decrease in the transportation volumes in the Black Sea due to an overhaul in March, 2022 at the Petromidia refinery, which is supplied with oil transported also by Kazmortransflot. Decline was partially offset by an increase in additional volumes transported in the Mediterranean Sea, on the back of the global oil shipping market recovery,” the company added.
Sales volumes of KMG's own produced oil and gas condensate for the first quarter of 2022 increased slightly by 0.5 percent and amounted to 5.2 million tons, of which 60.7 percent was exported.
Supplies of own produced oil and gas condensate volumes to the domestic market amounted to 2.05 ,illion tons, including deliveries of crude oil from operating assets (Ozenmunaigas, Embamunaigas, Kazakhturkmunai and Urikhtau Operating) in the amount of 1.2 million tons to Atyrau, Shymkent and Pavlodar refineries for further oil refining and sales of oil products.