Kazakhstan to supply 300,000 tonnes of oil to Germany in Q1 2023

ASTANA. Jan 13 (Interfax) - KazTransOil will transit 300,000 tonnes of Kazakh oil to Germany in the first quarter of 2023, the company's press service said.

"JSC KazTransOil has received confirmation from the Energy Ministry of the Russian Federation for the transport of 300,000 tonnes of Kazakh oil in the first quarter of 2023 via the oil pipeline network of PJSC Transneft to the Adamova Zastava oil transfer station for further delivery to Germany," the company said in response to an enquiry from Interfax.

"This oil transit will take place as part of the June 7, 2022 agreement between the government of Kazakhstan and the government of the Russian Federation," it said.

Kazakh Energy Minister Bolat Akchulakov told reporters earlier that Kazakhstan plans to export 1.5 million tonnes of oil to Germany in 2023 and may enlarge these supplies to 7 million tonnes.

Russian Deputy Prime Minister Alexander Novak, for his part, said that Russia stands ready to approve Kazakhstan's application for the transport of Kazakh oil to Germany through the Druzhba pipeline.

In light of plans to reduce dependence on Russian oil, European players earlier forwarded requests to Kazakhstan regarding deliveries of raw materials. Kazakhstan's KazTransOil subsequently submitted an application to Transneft for the transport of 1.2 million tonnes of oil to Germany in 2023.