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Azerbaijan in talks to increase Kazakh oil transit to 5-7 mln T.

Azerbaijan and Kazakhstan are going over increasing the transit of Kazakh oil through Azerbaijan to 57 million tonnes, an official at Azerbaijan's. stateowned oil business SOCAR said on Thursday.

Kazakhstan is attempting to decrease reliance on Russia with. regard to its energy exports, as most of Kazakhstan's flow of. 1.5 million barrels daily or 1.5% of worldwide supply go by means of. various Russian pipelines.

We are presently performing negotiations with the Kazakh. side about increasing oil transit from this country to 5-7. million tonnes, stated Zaur Gakhramanov, an advisor to SOCAR's. president.

Azerbaijan plans to open an oil terminal this summer after. reconstruction work in Dubendi near the capital Baku,. Gakhramanov said, with a transit capacity of 10 million tonnes. of oil annually, therefore increasing the country's total. transit capacity to 20-25 million tonnes.

In 2015, the transit of Kazakh oil through Azerbaijan. amounted to 1.4 million tonnes. That is predicted to increase to. 1.7-1.8 million tonnes this year and 2.2 million tonnes in 2025,. according to SOCAR.

In March, SOCAR and Kazakhstan's KazMunayGas. signed a contract to gradually increase the transportation. volume of Kazakh oil through Azerbaijan's Baku-Tbilisi-Ceyhan. ( BTC) system to 2.2 million tonnes.

There have actually likewise been discuss possibly transporting 5. million tonnes of Kazakh oil by means of the Baku-Supsa pipeline in. 2023.