Kazakhstan assessed the risks of limiting oil supplies through the CPC

ALMA-ATA, 15 Sep – PRIME. Kazakhstan sees no risks of significant restrictions on oil transportation to world markets via the Caspian Pipeline Consortium (CPC) pipeline, Almasadam Satkaliyev, chairman of the state fund Samruk-Kazyna (a shareholder of the oil and gas national company KazMunayGas), said.

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“We do not see the risks associated with a significant restriction of transport (oil – ed.) on this route. Based on the current situation,” he said at a press conference on Thursday.

Commenting on the situation around the CPC, through which oil transportation was limited several times this year, Satkaliyev stressed that “the consortium did not stop taking oil into the system and loading tankers.”

“There were delays, in particular, the last one related to the need to eliminate violations identified by Rostransnadzor. According to the consortium participants, all these technical issues will be eliminated by the end of September,” he added.

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According to Satkaliyev, “this situation, on the contrary, allowed our large companies to carry out scheduled repairs by limiting the release of oil into the system.”

“We understand that this route, based on the interest of the entire international community in it, at least the major players, is now the main route for the delivery of Kazakhstani oil,” he concluded.


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