• $ 1.7
  • € 1.9755
  • ₽ 0.020799
  • ₺ 0.0406
  • £ 2.2706

Kazakh oil transit via BTC may reach 7 mln tons a year by 2027

Kazakh oil transit via BTC may reach 7 mln tons a year by 2027
14.10.2025 12:30

Since 2023, 3.4 million tons of Kazakh oil have been shipped to world markets through the Baku–Tbilisi–Ceyhan (BTC) pipeline, and annual transit volumes may rise to 7 million tons by 2027.

Azerbaijani Energy Minister Parviz Shahbazov made the remarks at the 21st meeting of the Azerbaijan–Kazakhstan Intergovernmental Commission on Trade and Economic Cooperation held in Baku.

Shahbazov also highlighted the strategic importance of the green energy development and transmission project among Azerbaijan, Kazakhstan and Uzbekistan for regional energy security. A feasibility study will begin after a consultant is selected in November, he added.

The meeting also heard that bilateral trade turnover grew by 50% in 2024 to $470 million, while in the first half of 2025 it surged 4.2 times year-on-year to $501 million.

Aytac Zeynalova

Similar news
Similar news
Azercell-supported“Azerbaijan Children Hotline”received nearly 1,600 inquiries in the third quarter of 2025
Business 15:10
Azercell-supported“Azerbaijan Children Hotline”received nearly 1,600 inquiries in the third quarter of 2025
Kapital Bank announces financial results for the third quarter of 2025
Business 15:05
Kapital Bank announces financial results for the third quarter of 2025
Kazakh oil transit via BTC may reach 7 mln tons a year by 2027
Business 12:30
Kazakh oil transit via BTC may reach 7 mln tons a year by 2027
The Central Bank of Azerbaijan set the official exchange rates
Business 12:00
The Central Bank of Azerbaijan set the official exchange rates
Azerbaijani oil edges lower
Business 11:00
Azerbaijani oil edges lower
Gold and silver prices hit fresh record highs
Business 10:31
Gold and silver prices hit fresh record highs
Moscow, Baku and Tehran make no progress on North–South corridor project
Business 09:32
Moscow, Baku and Tehran make no progress on North–South corridor project
Kapital Bank receives the “Great Place to Work” certification for the third time
Business 17:30
Kapital Bank receives the “Great Place to Work” certification for the third time
PR Forum 2025 successfully held with the support of Yelo Bank
Business 15:42
PR Forum 2025 successfully held with the support of Yelo Bank
Anews TV

Our official Youtube channel

Subscribe