Kazakhstan extends quota six months for transporting 100,000 tonnes of oil per month to Germany - KMG

ALMATY. Feb 6 (Interfax) - Kazakhstan has extended its agreement to transport 100,000 tonnes of oil per month to Germany for six additional months, from January through June 2024, the KazMunayGas press service reported.

KMG said that its chairman of the board, Magzum Mirzagaliev, met with the chairman of the board of Rosneft Deutschland (now under German federal government control) Johannes Bremmer.

"The parties discussed their main areas of cooperation, noting that in 2023, 993,000 tonnes of Kazakh oil (from resources belonging to Karachaganak Petroleum Operating) were transported via the Druzhba oil pipeline to Germany. This agreement was extended for six months (January-June 2024) with a transportation volume of 100,000 tonnes per month," the release says.

Bremmer was highly appreciative, and expressed gratitude to the Kazakh side for the support it has provided, it said.

"We highly value our existing relationship with Rosneft Deutschland. On behalf of KazMunayGas, I express the interest of the Kazakh side in continuing and increasing oil supplies to Germany. I am confident our joint activities will be mutually beneficial and focused on the long-term for the benefit of the economies of both our countries," Mirzagaliyev said.