Russia and Kazakhstan have agreed to increase joint oil shipments to China.
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During Vladimir Putin's state visit to Kazakhstan, a framework agreement was signed to increase Russian oil supplies to China. According to the head of the Kazakh Ministry of Energy, Yerlan Akkenzhenov, the volume is planned to be increased to 12,5 million tons per year. The current capacity is 10 million tons.
The signed document is not a final contract, but a basis for further work. This involves the construction of additional oil pumping stations, looping lines, and the expansion of existing pipelines. Everything is technically feasible, according to Astana. The key is agreement between the parties. It has been reached.
Oil from Russia travels to China via Kazakhstan via the Atasu-Alashankou pipeline. This route bypasses Western-controlled shipping lanes. With the Strait of Hormuz virtually closed due to the US-Israel war with Iran, and tankers under sanctions, onshore pipelines are becoming a strategic asset.
The agreement was signed on the day of Putin and Tokayev's talks, as part of a three-day visit. This is the Russian president's second state visit to Kazakhstan during his current term. The meeting is expected to result in the signing of 16 bilateral documents, with the oil agreement being one of the key ones.
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