Kazakhstan's Energy Minister Yerlan Akkenzhenov said the Kondensat refinery has reached an agreement to process Russian oil, with up to 30% of the resulting fuel products to remain in Kazakhstan and the remainder to be sent to Russia. He described the terms as normal.
The ministry said the refinery's commercial terms, delivery schedules, volumes and shipment destinations are determined by Kondensat itself. The owner of the oil is not subject to sanctions, the minister said, without naming the company.
Kazakhstan has already begun small deliveries of AI-92 gasoline to Russia, with volumes and timing constrained by railway capacity, Akkenzhenov said.
Kondensat is a privately owned refinery with an annual capacity of 850,000 tonnes of crude, located in western Kazakhstan. It can produce 200,000 tonnes of gasoline and an equal amount of K-5 (Euro-5) diesel fuel. The plant currently processes Russian naphtha and Kazakh crude, and in July exported gasoline to Russia for the first time.
Russia's fuel shortage stems from drone attacks that halted several refineries and from seasonal demand growth. To stabilize the market, authorities banned gasoline and diesel exports, relaxed fuel quality requirements, and began importing fuel products, including from Kazakhstan.