According to WPB, Kazakhstan’s oil exports through Russian ports on the Black Sea remain unaffected despite recent changes introduced by the Russian government requiring approval from national security authorities for foreign vessels entering its ports.
The Kazakh Energy Ministry confirmed that crude shipments continue without interruption through Russia’s maritime infrastructure. This comes in the wake of a new regulation issued by President Vladimir Putin mandating that foreign ships must now receive authorization from the Federal Security Service (FSB), Russia’s principal security agency and successor to the former KGB.
While the implementation of the new rule led to a short-lived halt in loading operations, industry insiders have reported that the FSB has begun issuing the necessary permits, allowing foreign tankers to resume their activities. As a result, the export of Kazakh crude via Russian terminals is back on track.
The Black Sea ports of Russia, particularly Novorossiysk, serve as Kazakhstan’s primary route for oil exports. Despite utilizing Russian facilities, Kazakh oil flows are not impacted by international sanctions imposed on Russia. The majority of these exports are routed through the Caspian Pipeline Consortium (CPC), which transports oil from the northwest regions of Kazakhstan to Novorossiysk. This strategic pipeline network is crucial to Kazakhstan’s export strategy and is managed through a joint venture involving multiple international stakeholders.
Among the key players in the CPC are U.S.-based energy giants Chevron and ExxonMobil, which hold minority stakes. The Russian government, however, remains the largest shareholder with a 24% interest in the consortium. The port of Novorossiysk, in particular, handles significant volumes of crude originating from Kazakhstan’s major oilfields, many of which are operated by multinational energy companies.
In a parallel development, Kazakhstan, though increasing its production levels beyond its agreed limits under the OPEC+ arrangement, has affirmed its commitment to remain within the alliance. Senior officials have indicated that the partnership continues to play a vital role in maintaining global oil market stability.
Prime Minister Olzhas Bektenov emphasized that while Kazakhstan aims to meet its production commitments under the OPEC+ framework, national priorities will always guide the country’s decisions. The government’s stance reflects a careful balancing act between honoring international agreements and safeguarding domestic economic interests.
By WPB
Crude, Oil, Petroleum
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