Kazakhstan raises the price for Russian oil transit to China
Kazakhstan has increased the cost of oil transportation from Russian through Kazakhstan to China by a third, reported Tengrinews.kz with reference to the press service of the KazTransOil JSC.
“By the order of the Minister of Energy of the Republic of Kazakhstan, Kazakhstan approved the cost of transportation of oil amounting to 10 million tons per year along the Russian border - the border of Kazakhstan (Priirtyshsk) – Atasu (Kazakhstan) - Alashankou (China) route. The transportation of one ton of oil will cost $15, excluding VAT,” Tengrinews.kz reported.
Previously, the transportation cost $ 11.36 per ton, excluding VAT. This price was established in March 2017 for 2017-2018. The Kazakh route is one of the main directions for the export of Russian oil to China. As Russian Ambassador to China Andrei Denisov told Interfax, the total volume of Russian oil supplies to China increased by 12.5% and reached 50.5 million tons over the last nine months.
The increase in the volume of oil supplied to China was partly due to the launch of the second direct line of the Russian-Chinese Skovorodino - Mohe pipeline, on January 1, as a result of which its throughput doubled and reached 30 million tons per year.
The throughput capacity of the Atasu-Alashankou oil pipeline is 20 million tons per year, but it is not fully used. Another route for the delivery of Russian oil is passes through the port of Kozmino. The main exporter is Rosneft.