Kazakhstan’s main oil transporter KazTransOil will ship 300,000 tons of oil to Germany by way of the Druzhba pipeline, the world’s longest oil pipeline that runs from Russia to numerous places in Jap and Central Europe.
Within the press launch issued on Friday, Kazakhstan’s state-owned oil transport firm claimed that the allow granted by the Russian Ministry of Power is legitimate within the first quarter of this yr.
“KazTransOil JSC obtained affirmation from the Ministry of Power of the Russian Federation for transportation within the first quarter of 2023 of 300 thousand tons of Kazakh oil via the system of most important oil pipelines of Transneft PJSC within the path of the Adamova Zastava oil supply level for additional supply to Germany,” reads the press launch.
Oil sourced from the Karachaganak area in western Kazakhstan will probably be pumped via Russia’s Druzhba pipeline and delivered to Poland by way of Belarus earlier than reaching Germany. The last word transit level is the oil refinery in Schwedt, Brandenburg. A pilot batch of 20,000 tonnes of oil will probably be delivered to Germany in January.
On January 11, Kazakh Power Minister Bolat Akchulakov revealed the nation’s plans to export 1.5 million tons to Germany by way of Russia in 2023, stressing that this quantity could possibly be elevated to seven million tons.
“There may be sufficient capability (within the pipeline system). Crucial factor is that customers (from Germany) take it. We now have by no means had large issues with Russia when it comes to pumping,” Eurasianet quoted Akchulakov as saying.
Kazakhstan is the ninth largest crude oil exporter worldwide. The nation has three p.c of the world’s whole oil reserves, and it’s the third largest oil producer within the Caspian area after Russia and Iran. With over 70 p.c of its oil exports going to the EU, Kazakhstan is already the third-largest non-OPEC provider to the bloc, which is taken into account one of the crucial productive markets for vitality exporters as a consequence of its lack of home sources.
In the meantime, the EU expects the amount of Kazakh oil to rise amid a partial embargo and value cap on Russian oil.
Following Russia’s invasion of Ukraine, which started in February 2022, European international locations have centered on easy methods to wean themselves off Russian oil and fuel and stop a wider vitality disaster. As a part of the sixth and hardest sanctions bundle in opposition to Moscow, EU leaders agreed to embargo two-thirds of Russian oil imports to the bloc by the top of 2022.
EU international locations stopped imports of Russian oil delivered by sea in 2022, with a ban on refined oil merchandise from February 2023. The US has additionally fully stopped imports of Russian oil. Britain pledged to fully cease importing Russian oil by the top of 2022 and carried out a ban on imports of Russian liquefied pure fuel (LNG) that got here into impact on January 1, 2023. Different European leaders have centered on limiting their imports over the subsequent a number of years via conservation, discovering various sources and switching to wind and photo voltaic vitality as quickly as attainable.
Power-rich Kazakhstan yearly provides 67 million tons of oil to Europe via Russia. For 20 years, Kazakh oil has been despatched via the CPC pipeline to Russia’s Novorossiysk, which gives entry to the worldwide market. Kazakhstan exports greater than two-thirds of its oil by way of the CPC pipeline.
In early July 2022, a Russian court docket banned Kazakh oil exports by way of Novorossiysk for 30 days, marking the third time that Russia restricted or threatened to limit CPC’s operations since March. Nonetheless, an appeals court docket overturned the ban on July 11.