Kazakhstan intends to boost oil deliveries through the Trans-Caspian International Transport Route or TITR to 3 million tonnes within two years, the government press service reported on Monday, Interfax reports.
President Kassym-Jomart Tokayev in 2022 asked for oil transportation through the Trans-Caspian corridor to be increased. KazMunayGas and the State Oil Company of Azerbaijan (SOCAR) entered into an agreement providing for the shipment of 1.5 million tonnes of raw materials per year from the Tengiz field to Baku for further pumping through the Baku-Tbilisi-Ceyhan oil pipeline.
The throughput capacity of the Kazakh section of the CPC pipeline was increased from 54 to 72.5 million tonnes per year.
“At the same time, active work is underway to expand the Shymkent oil refinery. As a result, its capacity will increase from 6 to 12 million tonnes per year, which will fully meet the needs of the domestic fuel and lubricants market,” the press service added.
The construction of new gas processing plants in Kashagan, Karachaganak and Zhanaozen is in progress.