Beyond oil transit, Kazakhstan and Azerbaijan recently signed an agreement to construct an underwater fiber-optic communication line across the Caspian Sea
Kazakhstan’s KazMunayGas and Azerbaijan’s SOCAR have agreed to increase the transit of Kazakh oil through the Aktau-Baku-Ceyhan route in 2025. The decision was made during a meeting in Baku between KazMunayGas Chairman Askhat HASENOV and SOCAR President Rovshan NAJAF, where they reviewed progress on the 2022 oil transportation agreement.
At the end of 2024, the volume of Kazakh oil transported through Azerbaijan reached 1.4 million tons. Under the new plan, this figure is set to increase to 1.7 million tons in 2025. The expansion will enhance the transit potential of both Kazakhstan and Azerbaijan, while boosting Kazakhstan’s access to global energy markets.
Focus on Decarbonization and Energy Cooperation
During the talks, the two companies also discussed their strategic partnership on decarbonization, which was formalized at the 29th UN Climate Change Conference (COP-29) in Azerbaijan. The agreement focuses on:
- Introducing low-carbon technologies in the oil and gas sector.
- Reducing harmful emissions from energy production.
Additionally, discussions covered joint exploration projects, oil and gas production, investment opportunities, and the digitalization of industrial processes.
“SOCAR is a key partner of KazMunayGas. Together, we will continue to contribute to global energy security and the stability of hydrocarbon supplies. This partnership will create new transit opportunities through the Caspian region,” said Hasenov.
Kazakhstan and Azerbaijan’s Broader Cooperation
Beyond oil transit, Kazakhstan and Azerbaijan recently signed an agreement to construct an underwater fiber-optic communication line across the Caspian Sea. The deal was finalized during Kazakh Prime Minister Olzhas Bektenov’s recent visit to Baku.
This project, along with the expanded oil transit, highlights the deepening economic and strategic partnership between the two Caspian nations.
By the The Times Of Central Asia.
Photo credit: Depositphotos.
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