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Conflicts, Military and WarKazakhstan to supply over 1 million tons of oil to Germany by 2024

Kazakhstan to supply over 1 million tons of oil to Germany by 2024

– Published on:

Kazakhstan will supply more than 1 million tons of oil to  Germany by the end of 2024, Trend.az reports.

It is noted that the Chairman of the Board of JSC NC KazMunayGas Askhat Khasenov held a meeting in Astana with the General Director of the German company Karachaganak Petroleum Operating BV (KPO) Marco Marsili.

Business representatives also discussed exporting Karachaganak oil due to the demand for it in Western Europe. In 2023, Kazakh oil of about 1 million tons was supplied to Germany for the first time through the transport systems of KazTransOil and Transneft.

Kashagan oil project in neighboring Kazakhstan
Kashagan oil project in neighboring Kazakhstan [PHOTO: Reuters]
From January to May 2024, the actual volume of Kazakh oil supplies amounted to about 500 thousand tons.

At the end of 2022, Germany and Kazakhstan entered into an agreement on the purchase of oil with transportation via the Druzhbe oil pipeline to provide additional volumes for the oil refinery in the city of Schwedt and replace Russian oil.

As part of these agreements, Kaztransoil supplied 993 thousand tons of oil to Germany last year. And for the current year, according to agreements between Astana and Moscow, the volume of oil transit via Druzhba towards Germany is up to 1.2 million tons.


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Russia Desk
The Eastern Herald’s Russia Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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