Kazakhstan to divert fuel oil exports away from Estonia

Kazakhstan plans to start fuel oil exports from Georgia’s Batumi terminal in May, diverting some 700,000 tonnes from Baltic Sea ports, mainly in Estonia, by the year-end as it seeks to cut its costs and transit risks, Äripäev reported with reference to Reuters.

Kazakhstan has faced increasing competition from Russian oil product suppliers in the Baltic Sea ports, including Ust-Luga and Novorossiisk in the Black Sea.

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