Russia is rerouting Kazakh oil through the Black Sea — Reuters
Russia has decided to reroute Kazakh oil exports from the Baltic port of Ust-Luga to Novorossiysk. This will allow Moscow to free up some capacity in the Baltic Sea to increase its own oil exports.
It is expected that all transit volumes of Kazakhstani oil from late August through at least the end of September will be transported via the Black Sea.
As a result, approximately 100,000 barrels per day of export capacity may become available at Ust-Luga. Russia plans to use this capacity to export its own crude oil.
This decision was prompted by problems faced by Russian oil exporters in the Black Sea. Due to Ukrainian attacks, shipowners are reluctant to transport Russian oil, which has led to a shortage of tankers and delays in loading.
Kazakhstani KEBCO-grade oil is considered safer for carriers, so transporting it does not pose such risks. In addition, Ukraine has previously stated that it will not strike tankers carrying non-Russian oil from Black Sea ports.
Source: Reuters.
As a reminder, the Orsk oil refinery in the Orenburg region of the Russian Federation completely halted operations following an attack by Ukrainian drones.
As a reminder, the Russian oil refinery “Orsknefteorgsintez” halted oil processing following a Ukrainian drone attack on August 11.
Video: An oil refinery caught fire in Orsk following the attack.
Earlier, the General Staff confirmed a strike on the TANECO oil refinery in Tatarstan.
