Kazakhstan aims to boost oil exports via the Caspian Pipeline Consortium (CPC) system by 8.7% year-on-year to 56.5 million tonnes in 2023, the vice energy minister said on Wednesday.

CPC, which handles about 1% of global oil, takes oil from Kazakhstan to the Black Sea via one of the world’s largest pipelines.

Kazakhstan is the second-biggest oil producer among the ex-Soviet countries after Russia, pumping around 1.5 million barrels per day, and both countries are members of the OPEC+ group to coordinate oil production.
Source: Reuters (Reporting by Mariya Gordeyeva; Writing by Caleb Davis; Editing by Kevin Liffey)