Kazakh oil refinery to process Russian oil, send 70% of fuel output to Russia
The Kondensat Oil Refinery in Kazakhstan’s West Kazakhstan region will process Russian crude oil and supply up to 70% of its gasoline and diesel fuel output to Russia.
Kazakhstan's Energy Minister Erlan Akkenzhenov announced on August 25 that a Kazakh oil refinery will process Russian oil and send 70% of the fuel output back to Russia, according to Ukrinform. The refinery's owner is not under sanctions, making it possible to supply crude oil without any obstacles, the minister stated. The remaining 30% of the petroleum products would remain in the Kazakh domestic market.
Russian crude oil could start arriving at the refinery via rail transportation soon. The refinery, located near Russia but not connected to their oil pipeline systems, can process up to 850,000 tonnes of crude oil annually. The largest shareholder of the privately owned Kondensat refinery is Birinshi Shina Kompaniyasy LLP. Since 2024, the refinery has been receiving orders from Russia's Tatneft, which faces sanctions from Canada and Britain.
Kazakhstan relies heavily on its three major oil refineries, and the Atyrau Oil Refinery, one of them, experienced a fire in late July. Russia has been actively seeking alternative sources to meet its fuel shortage, importing a shipment of about 30,000 tonnes of AI-92 gasoline from Morocco by sea for the first time in late July, as reported by Reuters.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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