In 2019, over one and a half million tons of Turkmen oil will be transported through the Makhachkala Sea Trade Port in the Caspian Sea. Given that last year oil transshipment in the port of Makhachkala has doubled and exceeded two million tons. About this told the media CEO of the company Murad Khidirov.
He noted that in January 2019, after an almost two-year break, oil transshipment from Turkmenistan was resumed. “It is being taken by tanker to Makhachkala, where it is pumped into tanks and sent to customers through Transneft’s main pipelines,” he stressed.
According to Khidirov, the temporary cessation of cooperation with the Dagestan enterprise was caused by the fact that suppliers complained about large losses during shipment. He added that this problem was solved after the change of leadership of the republic, and now the safe transit of Turkmen oil has been settled.
Turkmenistan annually produces more than 10 million tons of oil. Most of the Turkmen black gold is processed at the Turkmenbashi complex of oil refineries and the Seyidi refinery. The surplus of Turkmen crude oil reaches the external markets not only through the Transneft oil trunk pipeline, but also through the Baku-Tbilisi-Ceyhan oil pipeline.
According to the State Customs Service of Turkmenistan for January– March 2018, the volume of exported oil amounted to 336.9 thousand tons the amount of 146.2 million US dollars, and in January-March 2019 oil exports amounted to 1 million 165 thousand tons in the amount of 530.3 million US dollars.
The share of the oil industry accounts for 12.7% of Turkmenistan’s GDP.