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KMG to Supply Kazakh Oil Bound for Germany's Schwedt

OIL

*KAZAKH KMG, ROSNEFT DEUTSCHLAND SIGN OIL SUPPLIES DEAL FOR 2023 -bbg

*KMG TO SUPPLY 100K TONS OIL/MONTH TO GERMANY'S SCHWEDT IN 2023

  • The headlines follow earlier reports of Kazakhstan supplying 100,000 tons of oil/month for Germany’s Schwedt refinery in a bid to replace Russian flows.
  • The deal is expected to allow the refinery to operate at 70% rather than 60%.

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