Kazakhstan extends quota for transporting 100,000 tonnes of oil per month to Germany by six months - KMGKazakhstan has extended its agreement to transport 100,000 tonnes of oil per month to Germany for six additional months, from January through June 2024, the KazMunayGas (KMG) press service reported.KMG said that its chairman of the board, Magzum Mirzagaliev, met with Johannes Bremer, CEO of Rosneft Deutschland, now under German federal government control."The parties discussed their main areas of cooperation, noting that in 2023, 993,000 tonnes of Kazakh oil from resources belonging to Karachaganak Petroleum Operating were transported via the Druzhba oil pipeline to Germany. This agreement was extended for the six months January-June 2024 with a transportation volume of 100,000 tonnes per month," the release says.Bremer was highly appreciative, and expressed gratitude to the Kazakh side for the support it has provided, it said."We highly value our existing relationship with Rosneft Deutschland. On behalf of KazMunayGas, I express the interest of the Kazakh side in continuing and increasing oil supplies to Germany. I am confident our joint activities will be mutually beneficial and focused on the long-term for the benefit of the economies of both our countries," Mirzagaliyev said.Kazakhstan began supplying oil to Germany through the Druzhba pipeline as part of ongoing efforts to diversify oil export routes. For 2023, KazTransOil had a quota from Russia's Transneft (MOEX: TRNF) to pump 1.2 million tonnes of oil to Germany but it actually supplied 993,000 tonnes. The first batch was supplied in February 2023.It was reported in August 2023 that Karachaganak Petroleum Operating (KPO), the operator of the Karachaganak field development, planned to transport 1.2 million tonnes of oil via the Druzhba oil pipeline in 2024.Kazakh Energy Minister Almasadam Satkaliyev said in October 2023 that Kazakhstan could increase oil exports to Germany via the Druzhba oil pipeline from 1.2 million tonnes to 2 million tonnes per year, the final volume would be determined after negotiations.KazTransOil, Kazakhstan's oil pipeline monopoly, is part of the KazMunayGas group.Kazakh oil is supplied via Druzhba to an oil refinery in the city of Schwedt, which was owned by Rosneft, but in September 2022 was transferred to the control of the Federal Network Agency of Germany. Rosneft Deutschland was one of the largest players in the domestic fuel market, accounting for about 12% of German oil refining capacity. The capacity of the refinery in Schwedt is 11.6 million tonnes of oil products per year. From the design stage, the plant has historically been associated with the Druzhba oil pipeline and Russian oil fields. In 2022, the German government asked Kazakhstan to supply oil to the enterprise. (ICE ALMATY)

Fonte notizia: INTERFAX