![]() Kazakhstan’s oil pipelines for westbound exports Such growth will boost a rise in the country’s exports. Chevron, for example, recently announced its plans to increase its oil production in the country to 1 mb/d (from 700,000 b/d), highlighting the potential of the Caspian region as an alternative to Russian producers and as part of the solution to the energy crisis. It plans to ramp up its production to 2 mb/d by the end of 2024 and reach 2.4 mb/d by 2030 due to expansion projects at the Kashagan and Tengiz giant fields. Kazakhstan produces approximately 1.8 million barrels a day (mb/d), equivalent to 2 percent of the world’s total oil output. They are operated by consortia of companies formed by Western stakeholders, including Chevron, ExxonMobil, Shell, Eni and TotalEnergies, alongside Kazakhstan’s national oil and gas operator KazMunayGas. These three fields account for about two-thirds of Kazakh crude production today. © GIS No newcomer in the energy businessįollowing its independence and openness to international investors since the 1990s, Kazakhstan’s oil production increased threefold as new fields such as the Tengiz, Karachaganak and Kashagan were discovered, with the latter turning out to be one of the 10-largest oilfield finds in the world. × Facts & figures The EU’s crude oil imports by country of origin Since the EU sanctioned Russian energy in 2022, other suppliers have vied for a bigger presence in the European oil market. This rapid reorientation of Germany’s energy portfolio has highlighted Kazakhstan’s role in Europe’s quest for greater energy security while underscoring its central paradox: Kazakhstan relies on its historical ties with Russia and Russian infrastructure to export its oil. ![]() Kazakh oil subsequently proved one of the most practical and convenient alternatives. Although that oil is exempt from the EU sanctions announced last year (which target seaborne oil), Germany went one step further and decided to halt all oil imports from Russia preemptively. The PCK refinery, which provides 90 percent of Berlin’s fuel, used to rely on Russian oil. In March 2023, Kazakhstan sent its first oil shipment to Germany via Russia, Belarus and Poland to the PCK refinery in Schwedt through the Druzhba pipeline system. Kazakhstan relies on its historical ties with Russia and Russian infrastructure to export its oil. Kazakhstan’s oil imports to the EU increased by nearly 900 percent between 20, and in recent years, it has become the third-largest supplier of oil to the European Union after Russia and Norway. Suppliers such as Kazakhstan, which account for 8 percent of the EU’s oil imports, have maintained their existing share but are eying a greater presence in the European market. The United States’ share has increased at Russia’s expense. Diversification has been no easy task given the scale of the dependency, but impressively, Russia’s share has been reduced to 10 percent. It was the source of more than 25 percent of the EU’s hydrocarbon imports and was Germany’s largest overall energy supplier. For decades and until the third quarter of 2022, Russia was the Union’s biggest oil supplier. Since Russia’s full-scale invasion of Ukraine in February 2022, the European Union has worked hard to find alternatives to Russian energy. ![]() The catch: Kazakhstan relies on Russian pipelines to move its crude. ![]() The Kazakh oil industry could make a valuable partner for Europe.With Russia’s oil sanctioned, the EU is seeking alternative suppliers.Ranking Crude Petroleum ranks 1013th in the Product Complexity Index (PCI). Tariffs In 2018 the average tariff for Crude Petroleum was 1.84%, making it the 1250th lowest tariff using the HS4 product classification. Imports In 2021 the top importers of Crude Petroleum were China ($208B), United States ($120B), India ($93.5B), South Korea ($60.6B), and Japan ($54.9B). They include Petroleum oils, oils from bituminous minerals, crude.Įxports In 2021 the top exporters of Crude Petroleum were Saudi Arabia ($138B), Russia ($113B), Canada ($81.2B), Iraq ($72B), and United States ($67.6B). Trade in Crude Petroleum represent 4.52% of total world trade.Ĭrude Petroleum are a part of Mineral fuels, mineral oils and products of their distillation. Between 20 the exports of Crude Petroleum grew by 47.4%, from $646B to $951B. In 2021, Crude Petroleum were the world's 1st most traded product, with a total trade of $951B. Overview This page contains the latest trade data of Crude Petroleum. ![]()
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