Kazakhstan in Talks to Refine Russian Crude, Products May Be Sold Locally or Returned
Kazakhstan's energy ministry confirms negotiations with Russia to process Russian crude oil at Kazakh refineries, with refined products potentially sold on the domestic market or shipped back to Russia.
Kazakhstan is in discussions with Russia about processing Russian crude oil at Kazakh refineries, according to a statement from the Kazakh Energy Ministry.
Refined products derived from the Russian crude could be both sold on the domestic Kazakh market and sent back to Russia, the ministry said. The talks are part of ongoing energy cooperation between the two countries.
Details on volumes, specific refineries, or timelines were not disclosed.
Source: First Squawk