Tethys Petroleum officially opened its Aral Oil Terminal on 30 January, with the first commercial shipments expected in February.
Located in Kazakhstan, the new terminal comprises oil storage tanks and a rail loading facility, which will transport oil shipments from Tethys Petroleum’s Doris oilfield into the Kazakh rail system.
The terminal will help the company reduce transport costs in a number of ways. Firstly, the distance between the new terminal and the oilfield is around 230km – significantly less than the current trucking distance.
Secondly, the current rail loading point at Emba town serves a large number of companies, causing huge delays. The Aral Oil Terminal, however, is solely dedicated to Tethys and will therefore help to further drive down transportation costs.
This is the first stage of the new terminal and Tethys Petroleum is planning an expansion to increase the facility to 12,000bpd later this year.
The Aral Oil Terminal is a 50/50 joint venture between Tethys and its Kazakh oil trading partner’s company, Olisol Investment.