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Kazakhstan Deny Issues With German Oil Transport via Russia

OIL
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Kazakhstan’s Energy Ministry has denied reports out Thursday that its transit of oil to Germany via Russia could be stopped in June over a payment dispute.

  • The denial came after reports that Russia's Transneft had warned Kazakhstan that its oil transit to Germany could stop in June due to a payment dispute with the Polish state pipeline operator PERN for gas metering services.
  • "This information has not been confirmed," the Kazakh Energy Ministry's official spokesman Shyngys Ilyasov said.
  • Germany’s Schwedt refinery is reliant on Kazakh crude via the northern leg of the Druzhba pipeline to replace Russian barrels for the inland refinery.
  • Kazakhstan plans to ship 1.2m tonnes of oil to Germany via Druzhba this year. There is talk of increasing supplies to 2m tonnes in the future.
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Kazakhstan’s Energy Ministry has denied reports out Thursday that its transit of oil to Germany via Russia could be stopped in June over a payment dispute.

  • The denial came after reports that Russia's Transneft had warned Kazakhstan that its oil transit to Germany could stop in June due to a payment dispute with the Polish state pipeline operator PERN for gas metering services.
  • "This information has not been confirmed," the Kazakh Energy Ministry's official spokesman Shyngys Ilyasov said.
  • Germany’s Schwedt refinery is reliant on Kazakh crude via the northern leg of the Druzhba pipeline to replace Russian barrels for the inland refinery.
  • Kazakhstan plans to ship 1.2m tonnes of oil to Germany via Druzhba this year. There is talk of increasing supplies to 2m tonnes in the future.