Kazakhstan has extended its oil supply agreement with Germany until the end of 2025, as confirmed by the country's Ministry of Energy in September 2024. The agreement builds on the ongoing supply chain established through the Atyrau-Samara and Druzhba pipelines.
From January to September 2024, Kazakhstan exported 1.1 mn tons of oil to Germany through the Atyrau-Samara pipeline, which then feeds into the Druzhba pipeline. Germany has since requested an increase in oil deliveries, seeking to raise the volume to 2.5 mn tons, according to Kazakhstan’s Energy Minister, Almasadam Satkaliev.
The proposed increase will require transit approval from Russia, as well as confirmation that Kazakhstan’s oil and gas companies, including independent producers, can meet the higher demand. Minister Satkaliev noted that consultations on these matters are still at an early stage.
Kazakhstan has set a goal of exporting 1.2 mn tons of oil to Germany by the end of 2024. Discussions with Russia regarding the feasibility of increasing oil shipments are ongoing. The current transport route for Kazakh oil to Germany relies on the Druzhba pipeline, which crosses Russian territory.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)