The Kazakh company "Agip Caspian Sea," a subsidiary of the Italian Eni, has started supplying Kazakh oil to Germany through the Druzhba pipeline. This was reported to Vedomosti by two sources familiar with the Ministry of Energy's statistics.

Sergey Tereshkin, OPEN OIL MARKET:

For Kazakhstan, deliveries through the CPC infrastructure are more convenient, as it was specifically built for European shipments. The volumes of supplies through CPC are incomparably higher than those through Druzhba. For example, in 2023, the shipment of oil at the CPC marine terminal amounted to 63.5 million tons, of which 56.1 million tons came from Kazakhstan, and 7.4 million tons were from Russia. The structure of supplies from Kazakh producers was dominated by oil from the Tengiz, Karachaganak, and Kashagan fields (55.0 million out of 56.1 million tons).
The CPC's capacity is 67 million tons per year. Therefore, supplies through Ust-Luga and the Druzhba pipeline are, in fact, related to the need to bypass existing infrastructure limitations. However, it should be noted that the demand for such supplies is relatively small, partly due to Kazakhstan's participation in the OPEC+ deal.

According to the U.S. Department of Energy, Kazakhstan's oil production from December 2023 to July 2024 decreased by 50,000 barrels per day (bpd), to 1.53 million bpd (excluding gas condensate). This level is below the OPEC+ quotas, which stipulate that Kazakhstan should produce no more than 1.47 million bpd from June to September 2024, and no more than 1.49 million bpd in December 2024. In this regard, the target for oil supplies through Druzhba will not be met this year.

For reference: According to customs statistics, total oil exports from Kazakhstan in 2023 reached 70.7 million tons. Of this, 14.6 million tons were supplied outside CPC, including through the Kazakhstan-China pipeline.






Translated using ChatGPT

Sourse: https://www.vedomosti.ru/business/articles/2024/08/13/1055374-eni-nachala-postavlyat-neft-iz-kazahst.