Kazakhstan ready to increase Russian oil transit to China to 10mn tonnes a year

By bne IntelliNews May 31, 2016

Kazakhstan is ready to increase the transit of Russian oil to China by 3mn tonnes to 10mn tonnes a year, the general director of Kazakhstan’s oil pipeline monopoly, Nurtas Shmanov, told a news conference in Astana on May 30.

Falling oil output and weaker demand in China has led to a decline in Kazakh oil shipments. Kazakhstan ships oil via the Atasu-Alashankou oil pipeline. It transported 11.8mn tonnes of oil via the pipeline in 2015. Of the total, Kazakh oil stood at 4.8mn tonnes and the remaining 7mn tonnes were Russian oil. The plans to increase the pipeline’s capacity to 20mn tonnes has been put on hold until Chinese demand for oil picks up.

“Today, the volume transited from the Russian territory to China is 7mn tonnes in accordance with the intergovernmental agreement between Kazakhstan and Russia. We are ready to increase it. We can reach 10 million tons without any technical actions,” Shmanov said, according to AKIpress.

Kazakhstan's proposal comes just as Russia's President Vladimir Putin is arriving to Astana to participate in the meeting of the Eurasian Economic Union (EEU) Supree Council.

Related Articles

Iran to pay Turkey $1.9bn in compensation over gas price dispute

Iran has agreed to pay $1.9bn in compensation to Turkey following last year's International Court of Arbitration gas price dispute ruling in favour of Ankara, Anadolu Agency reported on January ... more

Latvia issues permits to new gas infrastructure holding

The Latvian Public Utilities Commission (SPRK) announced on January 5 that it has issued licences to Conexus Baltic Grid for the transmission and storage of gas. Conexus Baltic Grid will control ... more

Iran to seek arbitration over termination of gas flow from Turkmenistan

The National Iranian Gas Company (NIGC) intends to take its recent gas dispute with Turkmenistan to international arbitration, Mehr News Agency reported on January 4, citing ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss