KAZMUNAYGAZ

The volume of transportation of Kazakh oil for export from the port of Aktau amounted to 3.376 million tons from January through 2023, which is 1.108 million tons more than the same period in 2022, stated KazTransOil JSC - the oil pipeline company of the Republic of Kazakhstan that provides services for transporting oil to the domestic market, for transit purposes, and for export.

Azerbaijan’s state oil company SOCAR and Kazakhstan’s National Company KazMunayGas have signed a Memorandum of Strategic Cooperation for the transit of Kazakhstani oil through the territory of Azerbaijan, Trend reports.

The document was signed following a meeting between the Prime Ministers of Azerbaijan and Kazakhstan, Ali Asadov and Alikhan Smailov, in Baku, says Azerbaijan’s Cabinet of Ministers.

Kazakhstan's national company, KazTransOil JSC increased oil exports to the Baku Port by 75 percent month-on-month in April 2023, Trend reports via the company.

State Oil Company of the Azerbaijan Republic (SOCAR) has announced the start of the transit of Kazakh oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline. The first shipment of Kazakh oil from the Tengiz field arrived at the Sangachal Terminal in Azerbaijan from the port of Aktau via the “President Heydar Aliyev” tanker on March 23, Trend reports citing company.

Kazakhstan and Azerbaijan are negotiating on the possibilities of transporting oil from Kazakhstan through the territory of Azerbaijan, Deputy Chairman of the Management Board of KazMunayGas JSC Dauren Karabayev said during a briefing on August 25, Trend reports via Kazakh media.

He noted that discussions with Azerbaijan are being held at various levels, including state level and national companies level.

The representatives of the Nur-Sultan Antimonopoly Department are conducting the investigation at the office of Kazakhstan’s KazMunayGas national company, the Telegram channel of the Agency for Protection and Promotion of Competition of the Republic of Kazakhstan said, Trend reports citing Kazinform news agency.

Kazakhstan’s KMG Drilling & Services and Azerbaijan’s Caspian Drilling Company signed an agreement on drilling wells with the Kazakh “Satti” jack-up rig in the Azerbaijani sector of the Caspian Sea, Trend reports citing the Kazakh Sovereign Wealth Fund, NWF Samruk-Kazyna JSC.

There are interested circles in Armenia,  in buying the port of Batumi, which Georgia is preparing to sell for $ 600 million. This is reported by the Armenian newspaper “Jamanak Daily” (“Time”).

According to the newspaper, various circles in Armenia are trying to organize a fundraiser to buy the port. This would allow the unimpeded delivery of goods in the country.