Kazakh oil will go to Germany through Russia

Astana plans to start transporting oil to Germany through Russia. KazTransOil JSC (KTO) has entered into a relevant agreement with the German side for the supply of 1,2 million tons of black gold to the refinery in Schwedt in 2023.

At the same time, Kazakhstan received approval from the Russian energy department to pump raw materials through the Transneft system in the direction of the Adamova Zastava point, from where the fuel will flow to Germany. Russian Deputy Prime Minister Alexander Novak spoke about the positive response of the Russian Federation to the initiative of Kazakhstani partners to pump oil through the Druzhba oil pipeline.



The enterprise in Schwedt was previously owned by Rosneft, but was later transferred to the ownership of Berlin. The capacity of the black gold processing plant is 11,6 million tons per year. It is obvious that small volumes of oil deliveries from Kazakhstan will not be able to replace Russia's raw materials for Germany.

Meanwhile, the current price ceiling for oil from the Russian Federation may fall even further, as EU sanctions provide for a revision of this value every two months. Estonian Prime Minister Kaja Kallas, in particular, insists on lowering the price ceiling. At the same time, according to Igor Yushkov, a leading analyst at the National Energy Security Fund, this is nothing more than a politically motivated statement by Tallinn.