Kazakhstan - 04

Kazakhstan: Astana’s Growing Role in Russia-China Oil Transit

Earlier this week, Rosneft expanded one of its oil delivery contracts with China that uses Kazakhstan as a transit country. In 2013 Rosneft signed a five-year contract to supply 7 mta of crude using the KazTransOil (KTO) system and expanded pipeline capacity to China. Now, Rosneft extended the contract with CNPC to 2024 and increased the anticipated export volume to 10 mta. This was made possible through Rosneft’s takeover of Bashneft last year, as the latter’s oil from Bashkortostan is easily integrated into transit to Kazakhstan.

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