More than half of extracted oil accounted for exports - Kazakhstan's KazMunayGas

Kazakhstan Materials 28 February 2023 16:56 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, February 28. The sales of oil and gas condensate of Kazakhstan’s KazMunayGas National Company in 2022 amounted to 22.1 million tons, which is an increase of 2.1 percent year-on-year, Trend reports citing the company.

Of this volume, 62 percent accounted for exports, the company noted.

"Deliveries to the domestic market of KMG's own produced oil and gas condensate amounted to 8.4 million tons, including crude oil supplies of operating assets (Ozenmunaigas, Embamunaigas, Kazakhturkmunai and Urikhtau Operating) in the amount of 4.9 million tons to Atyrau Refinery, Shymkent Refinery, and Pavlodar Petrochemical Plant for further refining of oil and sale of petroleum products," the company said.

At the same time, according to the year-results, the volume of oil transportation via trunk pipelines increased by 0.9 percent to 65.3 million tons.

As the company noted, the volume of oil transported to Kazakhstan refineries through pipelines for the production of the necessary volume of petroleum products in the domestic market increased over the last year.

Meanwhile, volumes of oil exports decreased due to a natural drop in oil production at mature fields, and due to the redistribution of oil by shippers to the domestic market and a decrease in production volumes at Kashagan because of the repair work.

According to the results of 2022, transportation volume at the Caspian Pipeline Consortium (CPC) decreased by 3.3 percent, mainly due to repair work at Kashagan and on the remote berthing devices of the CPC marine terminal itself. To date, the CPC is functioning normally.