BAKU, Azerbaijan, August 12. Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, Trend reports citing Reuters.
A source with direct knowledge of the matter said Kazakhstan's state oil firm Kazmunaigaz (KMG) was in advanced discussions with the trading arm of Azerbaijan's state firm SOCAR to allow 1.5 million tonnes per year of Kazakh crude to be sold through the Azerbaijani pipeline that delivers oil to Türkiye’s Mediterranean port of Ceyhan.
The final contract is due to be signed at the end of August with flows through the Baku-Tbilisi-Ceyhan (BTC) pipeline starting up a month later, the source said.
Another 3.5 million tonnes per year of Kazakh crude could start flowing in 2023 through another Azerbaijani pipeline to Georgia's Black Sea port of Supsa, two sources said.