BAKU, Azerbaijan, December 14. The development of Trans-Caspian International Transport Route (TITR) in the direction of Azerbaijani, Georgian and Turkish ports, as well as export routes to China and Iran, will be Kazakhstan’s priority regarding the future oil exports, Bulat Aqchulaqov, Minister of Energy of Kazakhstan, said, Trend reports with reference to Kazakh media.
Aqchulaqov added that this reorientation is part of the framework of the Roadmap for development of alternative export oil export routes.
The minister also said that Kazakhstan aims to expand the existing oil production and refinement infrastructure. Shymkent oil refinery’s expansion is planned to be completed by 2029, which will allow increasing processing volumes up to 21 million tons per year.
Aqchulaqov also discussed how the task of bringing the volume of commercial gas production to 30 billion cubic meters by 2029 will be met. According to the minister, two plants for processing of associated gas with a capacity of 1.1 billion cubic meters and 2 billion cubic meters will be implemented at the Kashagan field.
“Also, in 2023 a decision will be made to process Karachaganak gas at the ZhaikMunai gas processing plant, which will increase gas processing by 4 billion cubic meters," Aqchulaqov said.