Kazakhstan wants to reduce dependence of oil supplies on Russia

13:58 07 July Kyiv, Ukraine

The head of Kazakhstan, Kassym-Jomart Tokayev, instructed to expand transport capacity bypassing the Russian Federation after a series of incidents in the work of the Caspian Pipeline Consortium (CPC).
The President made the relevant instructions during the meeting on the development of the transport and transit potential of the republic.

The head of state noted that the Trans-Caspian route, a transport system passing through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and further to Turkey and Europe, should become a priority direction for the development of Kazakh oil exports.. In addition to transport links, the head of Tokayev instructed to work out the issue of expanding the capacity of existing oil pipelines.

Tokayev called for the diversification of oil supplies a day after a Russian court ordered a 30-day suspension of the Caspian Pipeline Consortium's offshore terminal, which currently handles about 80% of Kazakh oil exports. This may for the third time in 2022 stop the access of Kazakh oil to the world market through Russia.