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Critical for Kazakhstan to pursue oil export options outside of Russia, investor says - TL;DR CNBC

Critical for Kazakhstan to pursue oil export options outside of Russia, investor says

Publishing timestamp: 2023-03-01 09:44:53


Summary

Kazakhstan is looking to diversify its seaborne crude oil export routes away from Russian territory to protect its economy. Semurg Invest is developing Kuryk port on the eastern coast of the Caspian Sea, which includes a bulk cargo terminal. ExxonMobil has expressed concerns about the potential disruption of oil supplies due to Kazakhstan's close relationship with Russia. Russia has been pushed into Asian markets, primarily relying on Chinese and Indian purchases.


Sentiment: NEUTRAL

Tickers: XOM

Keywords: business newsexxon mobil corpenergyoil and gasvladimir putin

Source: https://www.cnbc.com/2023/03/01/kazakhstan-must-pursue-oil-export-options-outside-of-russia-investor.html


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