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Schwedt Refinery May Take Kazakh Crude

OIL

European companies are seeking Kazakh crude after the start of the Russian oil cap, and Germany's Schwedt refinery is one of possible destinations, Kazakhstan's Energy Minister Bolat Akchulakov said earlier today.

  • "There are such requests from European consumers in light of the Russian oil price cap," Akchulakov said.
  • He also said Kazakhstan is set to develop oil export routes to China and Iran.
  • "Emphasis will be put on the development of the Trans-Caspian International Transport Route towards the ports of Azerbaijan, Georgia and Turkey, alongside export routes to China and Iran," he said.

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