Kazakhstan Considers Exporting Oil Through Azerbaijan Amid CPC Disruptions
Greek tanker operators lifted more Russian crude as lower prices expanded the share that can move on sanctions-compliant vessels, S&P Global reported.
- In July, tankers flagged, owned, or operated by G7-linked companies lifted 36.2% of Russia's crude exports, the highest share in a year and up from 34.4% in June, according to S&P Global data.
- Falling Urals crude prices, which Platts assessed at a five-month low of $52.927 a barrel in July, expanded the volume of oil eligible for transport on G7-compliant tankers under Western price cap thresholds.
- Greek tanker operators drove this growth, lifting 26.4mn barrels of Russian crude in July—the highest monthly volume in nearly three years—keeping Greece in the lead for the Russian crude trade.
- While G7-linked shipping rises, scrutiny intensifies on Russia's so-called shadow fleet, estimated at 2,083 tankers. The International Maritime Organization published new flag-registration guidelines in June recommending sanctions cross-checks.
- Russia's federal budget deficit narrowed to RUB4.8 trillion in July, or 2% of GDP, though analyst Stefan Demetz cautioned against calling the economy "crumbling" given the fiscal patterns.
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Kazakhstan Considers Baku-Supsa Oil Route Amid CPC Disruptions
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — Kazakhstan is considering additional oil export routes through Azerbaijan and Georgia, including Baku-Supsa, after temporary restrictions on crude intake by the Caspian Pipeline Consortium (CPC) in July prompted the diversion of some volumes to alternative routes. Photo credit: Caspian Pipeline Consortiu During the restrictions, some Kazakh oil was red…
G7-linked tankers' share of Russian oil exports hits one-year high as Greece pushes back on sanctions
G7-linked tankers carried a one-year-high 36.2% share of Russia's crude exports in July, driven by Greek operators, even as Athens pushes back against EU sanctions rules and the shadow fleet faces tightening scrutiny.
Kazakhstan reroutes oil exports after Ukrainian strikes
Kiev’s campaign against the Russian energy sector has pushed the Central Asian nation to pump more crude to China Kazakhstan has redirected part of its oil exports to Russia and China after Ukrainian drone attacks disrupted shipments through Russia’s Black Sea port of Novorossiysk, the Energy Ministry has said. Ukraine has repeatedly targeted tankers and...
Kazakhstan Weighs New Routes as Drone Strikes Squeeze Black Sea Oil Exports
Kazakhstan is looking to re-route part of its crude oil exports away from its Black Sea export terminal and on pipelines through Azerbaijan, Georgia, and Turkey amid continued threats to its shipments from the Russian Black Sea port of Novorossiysk. “Transportation through the Baku-Tbilisi-Ceyhan system, shipments across the Caspian Sea through the territory of Azerbaijan, as well as the Baku-Supsa route are being considered,” the Kazakh Ministr…
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