UK commends cooperation with Kazakhstan in sanctions complianceUK Minister of State for Industry in the Department for Business and Trade Nusrat Ghani commended the level of cooperation between the UK and Kazakhstan regarding compliance with the sanctions regime."One of our objectives is to prevent Kazakhstan from being exploited as a means to bypass sanctions. We're collaborating closely with Kazakhstan's administration to ensure this. We're very satisfied with the current level of cooperation we have with Kazakhstan in this regard,"  Ghani told reporters in Astana.However, the UK Minister declined to name companies suspected of evading sanctions."We cannot reveal which companies might face future sanctions or disclose the companies we are currently addressing. We cannot discuss it until the information becomes public," Ghani said.Ghani acknowledged the significance of the Caspian Pipeline Consortium (CPC) for Kazakhstan's economy. The CPC, vital for transporting Kazakh oil through Russia, faced potential risks of being affected by Western sanctions in 2022."We will certainly continue our collaboration with the government of Kazakhstan concerning the operation of this pipeline," she said when asked if sanction CPC's sanction exemptions would continue.Magzum Mirzagaliyev, head of KazMunayGas, confirmed at a meeting with U.S. State Department and congressmen that Kazakh oil exports are not subject to sanctions from the United States, the European Union, or the UK.In September, Kazakhstan's President Kassym-Jomart Tokayev, during his visit to Germany, reiterated the country's commitment to complying with the sanctions regime.The CPC pipeline connects oil fields in western Kazakhstan and Russian fields on the Caspian shelf to a Novorossiysk port terminal. The 1,511-kilometer pipeline is the main export route for Kazakh oil - more than 80% of Kazakh oil exports are transported via the CPC system. The pipeline provided transportation and shipment for 58.7 million tonnes of exported oil in 2022, down 3.3% from 2021. This year, the volume of oil transported through the CPC system may reach 63.7 million tonnes. The CPC serves as the primary export route for Kazakh oil.The shareholders of Caspian Pipeline Consortium (CPC) are: Russia with a 31% stake managed by Transneft (24%) and CPC Company (7%), and Kazakhstan with 20.75%, managed by KazMunayGas (19%) and Kazakhstan Pipeline Ventures LLC (1.75%). The rest of the consortium belongs to private companies: Chevron Caspian Pipeline Consortium Company (15%), LUKOIL International GmbH (12.5%), Mobil Caspian Pipeline Company (7.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), BG Overseas Holding Limited (2%), Eni International N.A. N.V. (2%) and Oryx Caspian Pipeline LLC (1.75%). (ICE ALMATY)

Fonte notizia: INTERFAX