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Data shows that Kazakhstan Q1 oil imports are up 7% year-on-year due to a CPC boost.

Calculations based on official sources and data showed that Kazakhstan increased its oil exports from January to March by 7%, to 19.51 million metric tonnes (1.63 millions barrels per day), thanks to an increase in supply via the Caspian Pipeline.

The oil output and exports of Kazakhstan, a country that ranks among the top 10 oil producers, are in the spotlight. This is because the Central Asian nation has exceeded the quotas set by the OPEC+ group, which has angered several members, including Saudi Arabia.

The Caspian Pipeline Consortium exports oil via the Black Sea from Kazakhstan. Drone attacks have plagued it, as has a dispute over terminal equipment in Russia's Black Sea Port of Novorossiisk.

In February, a Russian drone is believed to have attacked a CPC pumping facility in the southern part of the country. A nearby oil depot in March was also set on fire by an alleged Ukrainian drone.

According to the Situational and Analysis Center for Fuel and Energy Complex of the Energy Ministry in Kazakhstan, exports through the CPC increased 11% compared to a year ago to 16,388 millions tons.

The data revealed that supplies from the Chevron Tengiz oilfield - the largest in the country - grew by 26% during the period, to 8.944 millions tons, due to the expansion of the field.

Exports via the Atasu - Alashankou pipeline to China dropped by 11% to 238,000 tonnes in the first quarter of this year.

The amount of oil exported by Kazakhstan via the Druzhba pipe, built in the Soviet Union and running through Russia into Germany, increased from 300.000 tons to 377,000 tonnes in January-March 2024.

Kaztransoil reports that supplies through the Baku-Tbilisi - Ceyhan pipeline, which was designed to bypass Russia, decreased in the first quarter from 364,650 tones in the previous period. Mark Potter is responsible for reporting and editing.

(source: Reuters)