Kazakhstan to Raise Crude Oil Supply to Germany in 2026

Wait 5 sec.

Kazakhstan will boost its crude oil exports to Germany next year after Kazakh national oil and gas company KazMunayGas extended a supply deal with Rosneft Deutschland, which has been under German trusteeship since 2022. Kazakhstan is supplying crude to the Schwedt refinery, the fourth-largest refinery in Germany, which used to process Russian oil before Germany cut off supplies from Russia. The Schwedt refinery, where Rosneft Deutschland is a majority shareholder, supplies 90% of the fuel needs of Germany’s capital city Berlin.…