KazMunayGas Executes First Oil Export to Hungary via Croatia
Kazakhstan’s national oil and gas company KazMunayGas (KMG) has successfully completed its inaugural export of an 85,000-ton oil shipment to a Hungarian refinery, marking a strategic milestone in expanding cooperation between KMG and Hungary’s MOL Group.
The shipment was transported by sea from the Russian port of Novorossiysk to the Croatian port of Omišalj aboard the tanker Alatau, operated by Kazmortransflot, a subsidiary of KMG, according to a press release from KMG dated August 4.
Upon arrival in Omišalj, the crude oil will be conveyed to its final destination—the Százhalombatta refinery in Hungary—via the Adriatic oil pipeline, managed by Croatian firm Jadranski naftovod (JANAF).
A delegation comprising representatives from KMG, MOL Group, and JANAF convened upon the tanker’s docking to discuss prospects for further collaboration. Subsequently, KMG and MOL Group formalized a framework agreement that sets out the terms for ongoing oil deliveries.
Photo credit: KMG
