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Sanctions on Iran may affect Kazakh shipping company’s activities in Caspian

08 June 2018 [15:57] - TODAY.AZ

By  Trend

The imposition of new sanctions on Iran may negatively affect the cooperation of Kazakhstan’s National Maritime Shipping Company Kazmortransflot LLP (KMTF) with Iranian companies, which in turn may affect the total volume of the company’s cargo transportation in the Caspian Sea, a source in the KMTF told Trend.

KMTF plans to launch swap operations in the direction of Iran to effectively achieve an increase in the share of export flow of Kazakh oil cargoes.

The list of positive factors affecting the company's activity, in turn, include the increase of oil production at the Kashagan field, as well as, the increase in the volume of Kazakh oil transportation to international markets via sea transport.

"Kazmortransflot has its own infrastructure in the ports of Aktau and Batumi, which is a convenient base for organizing the transportation of Kazakh oil to the world market. KMTF also participates in the project of the future expansion of Tengizchevroil project, increasing its role in the oil sector of Kazakhstan. The company plans to increase the number of vessels of the service fleet to participate in Kazakhstan’s existing and prospective offshore oil projects in the medium and long term," Trend was told.

KMTF also contributes to strengthening the role of Kazakhstan as a trans-shipment base for international transport corridors, according to the source.


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