Tokayev offered Germany to replace Russian oil with Kazakh oil

Kazakh President Kassym-Zhomart Tokayev proposed to Germany to increase the rate of oil supply from 200 thousand tons per year to 1.2 million tons. This is how he proposes to replace Russian oil, which is under the EU embargo. Tokayev said this at the "Central Asia - European Union" summit.

Within five months of 2023, Kazakhstan sent 90 thousand tons of oil to the Schwedt refinery in Germany, which before the war belonged to Rosneft. At this rate, by the end of the year, Kazakhstan will be able to supply 200 thousand tons of oil to Germany. But Kazakhstan, according to Tokayev, is ready to increase supplies by at least six times.

"There is a potential to bring this indicator up to 1.2 million tons per year with the possibility of increasing it in the future," said the President of Kazakhstan.

Kazakhstan as a whole increased oil supplies to the European Union in 2023. According to the Bureau of National Statistics, Kazakhstan exported 71 percent of its oil to the EU in the first quarter, compared to 65 percent in the same period last year.

Author - Serhii Kolomiets, 03/06/2023