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Oil Price (29 May 2023)

Tsvetana Paraskova

Kazakhstan's state oil and gas firm KazMunayGas and China National Petroleum Corporation (CNPC) are discussing the possible expansion of two oil pipelines, KazMunayGas officials have told Russian news agency Interfax.

The Kenkiyak-Atyrau and Kenkiyak-Kumkol oil pipelines could see their throughput raised, which could lift the volumes of Kazakhstan's crude oil exports to China.

The capacity of the Kenkiyak-Atyrau oil pipeline could be doubled to 12 million tons annually from 6 million tons, while the Kenkiyak-Kumkol pipeline capacity could be expanded to 15 million tons per year from 10 million tons annually at present.

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