Kazakhstan is considering building an oil pipeline in the Caspian Sea as well as a pipeline from Atyrau to Kuryk.
Kazakhstan , a non-OPEC oil producer part of the OPEC agreement, will consider building an oil pipeline in the Caspian Sea , Russian news agency Interfax reported on Thursday, quoting Kazakhstan ’s Energy Ministry. The country is also considering the construction of another oil pipeline from Atyrau to Kuryk in the medium term, the Kazakh Energy Ministry said in response to questions.
The CPC pipeline runs from the Caspian coast in northwest Kazakhstan to the Novorossiysk port on Russia’s Black Sea coast and carries 80% of Kazakh crude exports. So far this year, Kazakhstan has exceeded its oil production quota under the OPEC deal. The country has repeatedly said that it is committed to achieving compliance and compensating for previous overproduction.
Crude Oil Oil Pipeline Caspian Sea OPEC+ Supply Demand
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