Bloomberg News

Kazakh Crude Oil Shipments to China Increased 17% in First Half

July 03, 2009

Kazakhstan shipped 17 percent more crude oil through its only pipeline to China in the first six months of this year as Russian companies started using the link.

The country, the second-biggest oil producer in the former Soviet Union, exported 3.293 million tons of crude to China in the first half through the Atasu-Alashankou pipeline, up from 2.807 million tons a year earlier, state-run KazMunaiGaz National Co.’s crude-shipping unit said today in an e-mailed statement. Astana-based KazTransOil didn’t specify how much of this was Russian oil.

The 200,000-barrel-a-day link was completed in December 2005 at a cost of $800 million. Russian crude oil is delivered to the pipe though a link from Omsk in Siberia. Europe’s biggest oil producer sent its first shipment to China using the link in the first quarter of 2008.

State-run KazTransOil’s crude shipments through the Atyrau- Samara pipeline to Russia increased to 8.62 million tons in the first half from 8.14 million tons in the same period last year, the company said. KazTransOil increased all oil shipments by 5 percent from last year to 24.4 million tons in the six-month period, it said.

China is second only to the U.S. in energy consumption.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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