On Wednesday (10 May), KazTransOil, the national oil transporter of Kazakhstan, announced a substantial increase in oil exports via Aktau Port to Baku, Azerbaijan.
According to the company's press service, the export volume surged by 75% in April, reaching 152,400 tons, compared to the previous month's 87,000 tons. In April, KazTransOil also shipped 160,200 tons of oil from Aktau Port to Makhachkala Port, in Russia.
The overall volume of Kazakh oil transported for export from Aktau Port increased by 24%, totaling 600,500 tons.
The increase in oil transportation from Kazakhstan to Azerbaijan comes after a meeting between President Kassym-Jomart Tokayev and President Aliyev on 10 April in which they signed numerous memoranda of understanding in a wide range of fields, including on economic, transport and transit, cultural, scientific and humanitarian cooperation.
Preceding this, last year KazMunayGas, the national oil and gas company of Kazakhstan, and Azerbaijan's SOCAR entered into a five-year agreement to transport 1.5 million tons of oil through the Baku-Tbilisi-Ceyhan pipeline from Azerbaijan to Turkey, via Georgia.