Kazakhstan Set to Raise Oil Exports Through Turkey, Bypassing Russia

Kazakhstan could sharply increase its crude oil exports out of Turkey's port of Ceyhan, and dramatically reduce the more than 80% share of flows it currently sends via Russia, Reuters has reported. According to Kazakhstan Energy Minister Almasadam Satkaliyev, exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline could increase to 20 million metric tons a year from the current 1.5 million as the country increases oil production. "There is interest in developing and gradually increasing the volume of Kazakh oil shipments in this direction both...