Kazakhstan raises oil exports by 22% y/y to 20.383mn tonnes in Q1.

By bne IntelliNews May 15, 2014

Kazakhstan increased oil exports by 22% y/y to 20.383mn tonnes in Q1, the State Stat Agency has informed. In monetary terms, exports expanded by 20.7% y/y to USD 16.7bn in the reported period. Significantly, we believe that the increase in exports is driven by transit of Russian oil via Atasu-Alashankou oil pipeline to China which was launched this year. Production of oil in Kazakhstan slightly decreased - from 20.6mn tonnes of oil in Q1/13 to 20.2mn tonnes in the first three months of this year.

Kazakhstan also exported 1.072mn tonnes of petroleum products which means a growth of 5.3% y/y. The value of exports increased by 4.5% y/y to USD 637.6mn. Oil products imports to the country decreased by 9.6% y/y to 541thsd tonnes worth USD 340.6mn (drop of 14.8% y/y).

Natural gas exports shrank by 1.4% y/y to 5.167bcm while in monetary terms it dropped by 13.7% y/y to USD 485.9mn. Similarly, natural gas imports decreased by 8.5% to 1.614bcm worth USD 121.7mn (drop of 28.9% y/y). Kazakhstan exports gas mainly to Russia where it is processed at gas complex in Orenburg and then re-imported to Kazakhstan. Small volumes of gas are also sent to Kyrgyzstan.

Related Articles

Montenegro to speed up re-nationalisation of power firm EPCG

Montenegro’s government has decided to speed up the acquisition of Italian A2A's stake in the power firm EPCG, paying €68.9mn for a ... more

Croatia reportedly receives just one bid to lease capacity at planned LNG terminal

LNG Hrvatska has reportedly received just one binding offer to lease capacity at the planned planned liquefied natural gas (LNG) terminal on the Croatian island of Krk, unnamed sources ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Dismiss