April 25, 2024 12:43 GMT
Russia Warns Kazakhstan Over Payment Issue for Germany Oil Flows
OIL
Russia has warned Kazakhstan its oil shipments to Germany could stop in June due to a payment issue according to Reuters sources.
- The northern leg of the Druzhba system, linking Germany via Poland and Belarus, is currently used for Kazakhstan’s oil exports for the Schwedt refinery.
- The Schwedt refinery in Germany has struggled to move away from Russian oil which it was reliant on via the Druzhba pipeline.
- It has been receiving Kazakh flows on the pipeline as an alternative.
- The existing service contract expires June 5, according to one source. The sources did not specify the terms of the new contract and how much money Russia wanted to be paid.
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