Kazakhstan negotiating with Azerbaijan for oil transportation via Baku-Supsa

Kazakhstan holds negotiations with Azerbaijan regarding the transportation of up to 3 million tons of its oil per year via the Baku-Supsa oil pipeline.

"The issue with the Azerbaijani side is being worked out to consider the possibility of transporting Kazakh oil through the Baku-Supsa pipeline in the amount of up to 3 million tons per year," the Kazakh Energy Ministry, Caliber.Az reports.

Last year Azerbaijan offered Kazakhstan to transport 5 million tons of Kazakh oil through the Baku-Supsa pipeline. If an agreement was reached, it was expected to be oil from the Kashagan field. Also Azerbaijan, according to sources, offered to transport oil through Black Sea ports in Georgia.

According to the North Caspian Operating Company, Kashagan's recoverable reserves are approximately 9-13 billion barrels (1-2 billion tons) of oil.

Baku-Supsa pipeline is to transport Caspian oil from the Sangachal terminal near Baku on the Caspian Sea to the Georgian port of Supsa on the Black Sea.

Oil pumping through Baku-Supsa was stopped in the spring of 2022. All Azerbaijani oil is now exported via the Baku-Tbilisi-Ceyhan (BTC) pipeline. For Kazakhstan, the main export route is the Caspian Pipeline Consortium with a terminus at a Russian marine terminal near Novorossiysk.

BTC pipeline is designed to transport Caspian oil to the Turkish port of Ceyhan, located on the Mediterranean coast. Kazakhstan is trying to increase oil exports bypassing Russia, this year it plans to export 1.5 million tons via BTC.

As Kazakhstan's national operator of the main oil pipeline KazTransOil reported earlier, in 2023 oil deliveries via the BTC route increased 5.5 times to 1 million 392 thousand tons.