UK authorizes operations with Transneft to deliver Kazakh oil until March 18, 2028The UK's Office of Financial Sanctions Implementation (OFSI) has issued a license for sanctioned Transneft to supply, purchase, transport, and/or deliver Kazakh oil from March 19 to March 18, 2028, the OFSI said.Permitted activities means any activity, including but not limited to payments, involving Transneft and subsidiaries in relation to the supply, purchase, transportation or delivery of Kazakh oil provided that the Kazakh oil is not owned by a person connected with Russia and is only being loaded in, departing from or transiting through Russia.Sanctioned companies or any person or relevant UK institution carrying out any activity permitted under the license must maintain accurate, complete and legible records, on paper or in electronic form, of that activity for at least six years.On February 24, 2026, the United Kingdom included PJSC Transneft in its sanctions list. At the same time, the UK issued a temporary license to wind down operations, valid until April 9, 2026. The current general license of the United Kingdom dated January 10, 2025 for projects falling under sanctions exemptions (Russian Oil Exempt Projects) applies to the Druzhba oil pipeline and provides for the possibility of continuing operations under this project until October 14, 2027.Kazakhstan has been supplying oil to Germany via the Druzhba pipeline since 2023. Supplies amounted to 2.1 million tonnes in 2025. They are expected to increase to 2.5 million tonnes in 2026.Kazakhstan also exports oil through Russian ports. The country supplies approximately 80% of its oil to global markets via the Caspian Pipeline Consortium (CPC), whose loading terminal is located in Russia's Novorossiysk. (ICE ALMATY)

Fonte notizia: INTERFAX