SOCAR and KazMunayGaz plan to increase Kazakh oil transit through Azerbaijan via the Trans-Caspian route.

SOCAR and KazMunayGaz plan to boost Kazakh oil transit via Azerbaijan, with focus on increasing transit volume and trade. Both companies are exploring the possibility of increasing Kazakh oil supplies via the Trans-Caspian route, expressing confidence in the successful implementation of joint initiatives. Kazakhstan already shipped 1.05 million tons of oil from the port of Aktau in 2023, and aims to increase supplies through this route.

July 25, 2024
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