Kazakh Exports of Black Sea Oil continued after a brief termination of tanker access, said the source

Russian FSB security services have begun to distribute permits for foreign tankers to access the Black Sea Port, allowing Kazakhstan oil exports to continue after a short suspension, four industrial sources said on Thursday.

Two industrial sources said that on Wednesday that foreign tankers were temporarily prohibited from loading in the main black seaport of Russia following new regulations, effectively stopping oil exports from Kazakhstan, most of which were handled by the Caspian Pipe Consortium which was partly owned by the US Energy Department.

However, the Ministry of Energy Kazakhstan said previously on Thursday that the country did not stop the cargo of oil through the Russian seaport.

On Monday, President Vladimir Putin signed a law where foreign ships would require the approval of Russian FSB security services to access the ports of the State.

The BPK pipe connects Kazakhstan oil fields with export markets through Russian Black Sea port Yuzhnaya Ozereereevka near Novorossiesysk. It transports mainly kazakh oil and a small portion of Russian oil.

Mixed Oil Exports BPK Black Sea from the BPK Terminal in Russia was set at 1.66 million barrels per day for August, or around 6.5 million metric tons, almost unchanged from July’s export plan, Reuters reported last week.

Oil exports and transit through the Port of Novorossisk were seen around 2.2 million metric tons in July, according to industrial sources.
Source: Reuters