Saturday, April 1, 2023
 
 

Kazakhstan, Belarus still considering oil supply draft agreement

- Advertisement -

NUR-SULTAN, Kazakhstan – The beginning of possible deliveries of Kazakh oil to Belarus is expected after an agreement between the two countries enters into force, Kazakhstan’s Energy Ministry said on January 20.
“It’s first necessary to sign and ratify the agreement between the governments of Kazakhstan and Belarus on these supplies. Secondly, a commercial interest is needed for the companies that are supplying Kazakh oil and oil products to Belarus,” the ministry added after a meeting between Kazakhstan’s Energy Minister Nurlan Nogayev, Anatoly Nichkasov, Belarus’ Ambassador to Nur-Sultan, and vice-president of the Belarusian State Concern for Oil and Chemistry, or Belneftekhim, Andrey Bunakov.
According to the Kazakh energy ministry, the draft agreement is still being considered by the Central Asian energy giant’s state bodies. The ministry has indicated that the most likely option at this point would be the supply by pipelines. However, if the turnover of multimodal deliveries end up being unprofitable, the supply of pipelines would also be possible.

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

When it comes to defense, the politicians must listen to those who know best – the generals

The halls of power are walked by people who know little, care even less and yet have the right to supersede and ignore the advice of those who know better.

Silicon Valley Bank financial contagion contained – for now

The world’s top policymakers and international financial leaders acted effectively in the days following the collapse of California’s Silicon Valley Bank. They appear to have dealt positively with the risk of wider global financial contagion.

EU plan to centralize gas purchases near impossible to implement

The global gas supply market will be much tighter this year than it was in 2022. The need for the EU to buy more gas, especially more liquified natural gas, from elsewhere will be greater.

Don't miss

When it comes to defense, the politicians must listen to those who know best – the generals

The halls of power are walked by people who know little, care even less and yet have the right to supersede and ignore the advice of those who know better.

Silicon Valley Bank financial contagion contained – for now

The world’s top policymakers and international financial leaders acted effectively in the days following the collapse of California’s Silicon Valley Bank. They appear to have dealt positively with the risk of wider global financial contagion.

EU plan to centralize gas purchases near impossible to implement

The global gas supply market will be much tighter this year than it was in 2022. The need for the EU to buy more gas, especially more liquified natural gas, from elsewhere will be greater.

Africa’s porous borders promote transnational crimes rather than deeper integration

For positive continental regimes to succeed, there must be both conscious and concerted efforts, as well as political will, from all states to help eliminate transnational crimes while fostering integration across the whole of Africa through trade.

EU plan to centralize gas purchases near impossible to implement

The global gas supply market will be much tighter this year than it was in 2022. The need for the EU to buy more gas, especially more liquified natural gas, from elsewhere will be greater.

Kazakhstan’s new parliament could usher in green energy, rare earth investments

Kazakhstan held internationally monitored elections for the Mazhilis, the lower chamber of the Kazakh Parliament, on March 19, following major constitutional reforms, which most...

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying the country’s main refinery in Burgas - the largest in the Balkans - with non-Russian...

Energy-strapped Germany sets ambitious 30 GW offshore wind target by 2030

Germany, which has been struggling to fill its massive energy gap following Russia’s invasion of Ukraine and reduction of natural gas deliveries, is planning...

Georgia, Romania mull Black Sea undersea power cable to supply CEE Europe

Georgia, which is a transit country for oil and gas routes, is spearheading efforts to launch a very ambitious project that would create a corridor for green energy from the Caspian to the Balkans and CEE.

A Belarusian politician, fraudster and businessman kept money in Credit Suisse

It was the last summer day of 2008. An Audi was waiting in line to leave Belarus for Poland. Petr Kalugin, a House of Representatives deputy,...

Azerbaijan planning to launch green energy exports to Europe

Azerbaijan, which is already a main exporter of oil and gas, plans to develop its renewable energy potential, especially offshore wind in the Caspian...

Lukashenko’s sanctioned ally continues to do business in the EU

In 2020, businessman Alexander Shakutin came under EU sanctions for supporting Belarus' dictator Alexander Lukashenko.The activities of his companies in the EU were supposed...