Kazakhstan boosts oil exports to China in May

Kazakhstan boosts oil exports to China in May

Kazakhstan will increase its oil exports to neighbouring China almost four times this month, Kazakhstan’ Deputy Energy Minister Aset Magauov said on May 18.

“According to our forecasts, the volume of Kazakhstani oil export to China will increase from 50,000 tonnes in April to 230,000 tonnes in May of this year,” Magauov told a press briefing.

He explained that the export of Kazakh oil to the European direction has become less attractive due to lower prices for raw materials, while the proposed price to China is higher.

“Therefore, requests from oil companies for the supply of their oil for export to China have increased dramatically,” Magauov said.

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