SOCAR and KazMunayGas sign memorandum on transit of Kazakh oil through Azerbaijan (Part 2)The State Oil Company of the Azerbaijan Republic (SOCAR) and Kazakhstan's KazMunayGas have signed a memorandum on strategic cooperation regarding the transit of Kazakh oil through the territory of Azerbaijan, the Cabinet of Ministers of Azerbaijan said in a statement.This and other documents were signed following negotiations between Azerbaijani Prime Minister Ali Asadov and Kazakh Prime Minister Alikhan Smailov.The statement does not include details regarding the memorandum.As previously reported, in order to diversify its oil export routes, Kazakhstan began deliveries via the Baku-Tbilisi-Ceyhan pipeline this spring. An agreement was reached on the transportation of 1.5 million tonnes of Kazakh oil per year via the BTC. Currently, these volumes are being shipped from the resources belonging to Tengizchevroil, which operates and develops the Tengiz and Korolev fields. Transportation is carried out based on an agreement between SOCAR and KazMunayGas.In addition, in March, the pumping of oil from the Kashagan field through the BTC was tested. Azerbaijan has the capacity to transport 15 million tonnes of transit oil per year through the Baku-Tbilisi-Ceyhan pipeline, SOCAR Deputy Vice President Vitaly Beglyarbekov recently noted.The length of the BTC oil pipeline is 1,768 thousand km, of which 443 km is in Azerbaijan, 249 km is in Georgia, and 1,076 km is in Turkey. The throughput capacity of the pipeline over 50 million tonnes of oil per year.The project participants are: BP (30.1%); SOCAR (25%); MOL (8.9%); Equinor (8.71%); TPAO (6.53%); Eni (5%); Itochu (3.4%); ExxonMobil (SPB: XOM) (2.5%); INPEX (2.5%), TotalEnergies (SPB: TOT) (5%) and ONGCVidesh (2.36%).At present, oil from the Azeri-Chirag-Gunashli fields and condensate from the Shah Deniz field, as well as oil and condensate from SOCAR, are pumped through the BTC oil pipeline. Oil from other sources is also pumped through the BTC.In 2022, BTC oil exports amounted to 225.445 million barrels, up 12.6% compared to 2021. (ICE ALMATY)

Fonte notizia: INTERFAX