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КМГ and SOCAR discuss further cooperation in oil transportation

09.03.2024

On 9 March, during his trip to Baku, Magzum Mirzagaliyev, Chair of the Management Board of NC KazMunayGas JSC (KMG), held a meeting with Rovshan Najaf, President of the State Oil Company of Azerbaijan Republic (SOCAR).

The parties discussed phased increase in the volumes of the Kazakh oil transit along the Baku-Tbilisi-Ceyhan oil pipeline and the matters of the Kazakh oil transportation along the Baku-Supsa oil pipeline.

“KazMunayGas views SOCAR and the most important strategic partner. We are confident that phased increase in the volumes of the Kazakh oil transit will provide new momentum for the development of mutually beneficial cooperation,” M. Mirzagaliyev highlighted.

It worth noting that, under the signed Agreement on Transit of 1.5 mn tonnes of Kazakh oil across the territory of Azerbaijan between KazMunayGas and SOCAR, Kazakh oil has been consistently transported along the Aktau-Baku-Ceyhan route.

Following the 2023 results, the port of Aktau shipped 1,057 thousand tonnes of oil, and 232 thousand tonnes during January-February 2024.

Reference information:

State Oil Company of Azerbaijan Republic (SOCAR) is a global energy company, headquartered in Azerbaijan and specializing in the production, processing and distribution of energy. Being the largest integrated energy business in the South Caucasus region, the company has extensive presence worldwide.

National Company “KazMunayGas” JSC (KMG) is Kazakhstan's leading vertically-integrated oil and gas company. KMG is managing assets throughout the entire production cycle, ranging from exploration and production of hydrocarbons to transportation, refining and provision of specialized services. The company, founded in 2002, represents Kazakhstan in the country's petroleum sector.


JSC NC KazMunayGas

On 9 March, during his trip to Baku, Magzum Mirzagaliyev, Chair of the Management Board of NC KazMunayGas JSC (KMG), held a meeting with Rovshan Najaf, President of the State Oil Company of Azerbaijan Republic (SOCAR).

The parties discussed phased increase in the volumes of the Kazakh oil transit along the Baku-Tbilisi-Ceyhan oil pipeline and the matters of the Kazakh oil transportation along the Baku-Supsa oil pipeline.

“KazMunayGas views SOCAR and the most important strategic partner. We are confident that phased increase in the volumes of the Kazakh oil transit will provide new momentum for the development of mutually beneficial cooperation,” M. Mirzagaliyev highlighted.

It worth noting that, under the signed Agreement on Transit of 1.5 mn tonnes of Kazakh oil across the territory of Azerbaijan between KazMunayGas and SOCAR, Kazakh oil has been consistently transported along the Aktau-Baku-Ceyhan route.

Following the 2023 results, the port of Aktau shipped 1,057 thousand tonnes of oil, and 232 thousand tonnes during January-February 2024.

Reference information:

State Oil Company of Azerbaijan Republic (SOCAR) is a global energy company, headquartered in Azerbaijan and specializing in the production, processing and distribution of energy. Being the largest integrated energy business in the South Caucasus region, the company has extensive presence worldwide.

National Company “KazMunayGas” JSC (KMG) is Kazakhstan's leading vertically-integrated oil and gas company. KMG is managing assets throughout the entire production cycle, ranging from exploration and production of hydrocarbons to transportation, refining and provision of specialized services. The company, founded in 2002, represents Kazakhstan in the country's petroleum sector.


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