KazMunayGas exports first oil batch to Hungary via Croatia
As part of the strategic expansion of cooperation between NC KazMunayGas JSC (KMG) and MOL Group (Hungary), the first Kazakh oil in the amount of 85 thousand tonnes has been delivered to a Hungarian refinery.
Sea transportation from the port of Novorossiysk to the Croatian port of Omisalj was provided by the national carrier Kazmortransflot (a subsidiary of KMG) on its tanker Alatau.
Further transportation from the port to the final destination, the Százhalombatta refinery in Hungary, will be carried out via the Adriatic oil pipeline, which is operated by the Croatian company Jadranski. naftovod (JANAF).
Upon the tanker’s arrival in Croatia, a meeting was held between the representatives of KMG, MOL Group and JANAF. The parties discussed further mutually beneficial cooperation. Following the discussions, a Framework Agreement was signed between KMG and MOL Group on future oil deliveries.
It should be noted that this step enables Kazakhstan to significantly expand the geography of KMG’s oil exports to the markets of the European Union.
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