OIL: Feasible to Raise Annual Kazakh Crude to Germany to 2.5m tons: Transneft
Oct-24 08:35
Russian oil-pipeline operator Transneft considers it feasible to raise Kazakhstan crude shipments to Germany to 2.5m tons a year, according to Tass cited by Bloomberg.
- “There haven’t been any substantive, detailed discussions yet, but we have discussed this prospect in preliminary terms, and it is feasible,” said CEO Nikolay Tokarev
- Kazakhstan’s plans to supply 1.7m tons of crude oil to Germany via the Druzhba pipeline in 2025, according to Bloomberg citing KazMunayGaz CEO Askhat Khassenov.
- Transneft expects crude shipments through its system in 2025 to be slightly lower on the year due to OPEC+ agreement.
- Transneft will increase Kozmino crude loadings to 50m tons this year from 46m tons in 2024.
- Raising oil flows to China via Kazakhstan by 2.5m tons a year to 12.5m tons won’t be possible before 2027-28.
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