Kazakhstan could redirect oil exports via Russia’s Baltic ports if Black Sea situation worsens -Kaztransoil

Kazakhstan could redirect oil exports to Russia’s Baltic Sea port of Ust-Luga instead of Novorossiysk, if the situation on the Black Sea deteriorates, the head of Kaztransoil’s transport department said on Friday.

Kaztransoil’s Abay Beisembaev said during an online briefing: “If the situation in the Black Sea worsens, the volumes that we transport in the direction of the port of Sheskharis (in Novorossiysk) will be transferred to the port of Ust-Luga”.

Novorossiysk, Russia’s largest Black Sea port, handles the bulk of Kazakhstan’s oil exports via the Caspian Pipeline Consortium.

Earlier in August, navigation in the port’s waters was briefly banned after a naval drone strike and Ukraine has threatened further such attacks if Russian air strikes on Ukrainian ports continue.
Source: Reuters (Reporting by Felix Light; editing by Philippa Fletcher)