Kazakhstan searches for the new oil export sources

Its likely that Kazakhstan will have to search for the new sources of its oil exports to Europe if oil sanctions are applied against Russia, the Minister of Oil and Gas of Kazakhstan, U. Karabalin says. Only the CPC laid via Russia transports over 32 million tons of Kazakh oil, and now they analyze new oil export routes for the redirecting of these volumes. The alternative variants are Azerbaijan and Georgia. The way will pass from Kazakhstan to Azerbaijan and then to Georgia and to the Black Sea. Another potential variant is withdrawal of the sanctions against Iran, Y. Tsygush, the analyst of the international financial holding FIBO Group says.

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