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Kazakhstan To Raise December KEBCO Exports

OIL

Kazakhstan plans to increase exports of its KEBCO oil via Russia by 14% on the month in December according to traders, and LSEG and shipping agent data.

  • Four tankers each carrying 100,000 tons of KEBCO crude are scheduled to be shipped from Ust-Luga this month, up from 200,000 tons in November, according to the data from LSEG and shipping agents seen by Reuters.
  • December shipments from Novorossiisk are set at 520,000 tons, down from 600,000 tons in a November plan, the traders said.
  • Actual shipments of Kazakh crude last month were below the schedule due to a storm, traders said, so shipments in December may be higher than planned due to delayed volumes.
  • Russia's Black Sea port of Novorossiisk failed to ship 1.2mn tons of the 2.34mn tons of crude initially scheduled for export and transit in November.
  • November exports via the CPC fell to 4.1mn tons, down from 5.4mn initially planned.
  • Kazakhstan plans to increase oil exports via the Druzhba oil pipeline to Germany to 200,000 tons in December, from 154,000 tons in November.

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