Kazakhstan exported 2,300 tons of uranium in 2023 through the territory of Azerbaijan as part of the Trans-Caspian International Transport Route (TITR, or Middle Corridor), the Ministry of Energy reported on the implementation of the concept for the development of the fuel and energy complex of the Republic of Kazakhstan for 2023.
As stated in the report, since 2018, Kazatomprom has been supplying uranium products through the territory of Azerbaijan using TITR. In 2023, for the first time, a shipment was made through the territory of Azerbaijan to the US in the amount of 308 tons.
“In total, 2,300 tons were transported through Azerbaijan in 2023. In 2023, more than 2,300 tons of uranium products were transported to France, Canada, Romania, India and the US, up by 4.5% YoY,” the report says.
In general, transportation of Kazakh uranium products to buyers is carried out through the territory of Russia, with loading onto sea vessels in the port of St. Petersburg.
“However, due to the sanctions policy of the US and Western European countries towards the Russian Federation, an increasing number of European ports refuse to accept cargo and work with ships leaving the ports of the Russian Federation. As an alternative transportation route, Kazatomprom uses the Trans-Caspian International Transport Route, with shipment through the Black Sea (the port of Poti in Georgia). To carry out transportation along this route, Kazatomprom obtains permission from the transit countries – the Republic of Azerbaijan and Georgia,” the document states.
Also, according to the document, proven reserves of uranium as of January 2023 amounted to 990,000 tons. At the same time, systematic work is being carried out to increase reserves through geological exploration. (Kazinform)