The record rate to ship Kazakh oil is $440,948 a day
Daily earnings for a tanker running from Novorossiysk to Augusta reached $440,948 on Wednesday, the highest figure in a Baltic Exchange series that begins in July 2008. Washington's undertaking with Kyiv, three weeks old, covers the pipe and the terminal. The price is set somewhere else.
Kazakhstan’s oil route now rests on a phone call it was not part of
On 31 July, JD Vance asked Volodymyr Zelensky to stop striking the route Kazakhstan uses to sell most of its oil. Ukraine agreed not to target Caspian Pipeline Consortium infrastructure or non-Russian ships, and a US administration official has confirmed the warning. Last night’s attack on Novorossiysk, the heaviest of this crisis, was the first large test of that undertaking.
Afghanistan signs up to buy the gas it agreed to carry
Türkmengaz and Afghan Gas have signed a memorandum under which Afghanistan will purchase TAPI gas for its own needs. The transit country is becoming a customer, at a price not yet negotiated.
The injured are recounted before the dead can fly home
Uzbekistan's working group reached Nizhnekamsk on Tuesday evening. The special flight it came to organise still has no date, and the official counts of the wounded moved twice in a day.
Nine hours over Novorossiysk, and the tanker due Thursday stays dark
Russia's largest Black Sea port spent the night of 11-12 August under a combined drone attack that ran past nine hours. The crude tanker due at the CPC terminal on Thursday morning has meanwhile been silent on AIS for more than 40 hours.
Mongolia's ministry publishes the Moscow promise, and Russia says nothing
The claim that Russia will send Mongolia an extra 25,000 tonnes of petrol this month moved on Tuesday from a minister's social account to his ministry's own website. No Russian institution has confirmed it.
Rosatom signs for 100 megawatts of Kyrgyz wind
Rosatom’s wind arm, the Russian-Kyrgyz Development Fund and the Eurasian Development Bank have signed for a 100 MW wind farm at Kok-Moinok in the Issyk-Kul region. The signature is five days old; the full public record of it assembled only this week.
Russia agrees to send Mongolia 25,000 more tonnes of petrol
Industry and mineral resources minister Damdinnyam Gongor met Russian energy ministry leadership and executives of Rosneft and Gazprom Neft in Moscow on Monday, and came away with a promise of 25,000 additional tonnes of AI-92 and 5,000 tonnes of jet fuel by 31 August. By his account, that ends the case for rationing.
Nine trips in a year: Mongolia’s fuel envoy starts in Moscow
The minister running Mongolia’s fuel crisis named his route on Sunday: Moscow first, then Kazakhstan, then Beijing. The itinerary carries its own message: whatever China agrees to supply, the system still runs through Russia.
Petronas finds commercial gas in Caspian Block 1
More than 1.3 million cubic metres a day from a well 80 kilometres off Turkmenbashi.
Mongolia asks PetroChina for 12,000 tonnes a month
China agreed 6,000 tonnes of petrol for August. The prime minister wants that doubled and made standing, and he wants it cheaper.
Exxon offers $80 billion for Kashagan, and asks Astana to settle first
ExxonMobil has tied a proposed $80 billion expansion of the Kashagan field to settling Kazakhstan's claims against the consortium that runs it, Kursiv reported on Friday, citing sources close to the talks. Those claims come to about $150 billion.
Two in five people in Mongolia's fuel queue are counted twice
Mongolia's tax office says 40% of fuel customers are people who join one station's line and then another's. The ministry running the rationing is looking at doubling the purchase cap, possibly from Saturday.
Mongolia will buy fuel wherever it can find it
The industry minister says supply now outranks price in Mongolia’s fuel purchases. The zeroed customs duties have an end date, 1 February 2027, and the cabinet has cancelled its conferences and forums to pay for winter.
July’s missing oil gets its first price tag
An energy commentator has put a dollar figure on Kazakhstan’s July production losses: more than $700 million of revenue in a single month. No official loss figure has surfaced, and the pipeline consortium has now said nothing in its own name for 8 days.
Tajikistan triples its fuel imports from the neighbours
Tajikistan took 34,000 tonnes of motor fuel from Turkmenistan, Uzbekistan and Kazakhstan in July, three times the June volume, while Russian petrol shipments to the country halved. The Moscow Times relayed the Reuters figures on Thursday, citing two industry sources.
Chartering a tanker for the CPC terminal now costs $338,000 a day
The shipping market has repriced Kazakhstan's main export route. Daily charter rates for tankers calling at the Caspian Pipeline Consortium terminal have reached about $338,000, war-risk cover for calls at Black Sea terminals has climbed to as much as 2% of a vessel's value, and August-loading CPC Blend was offered this week at nearly $4 a barrel below Brent.
Mongolia zeroes its fuel taxes at the border
With rationing in force in Ulaanbaatar and 11 days to COP17, the cabinet has cancelled the excise on petrol and diesel and cut customs duties on every petroleum product to zero, giving up a revenue line to lower the cost of every imported litre.
Rationing meets high season in Mongolia
Mongolia’s tour guides went public on Wednesday with what fuel rationing is costing the strongest tourist season in four years. The UN’s desertification summit opens in Ulaanbaatar in 12 days.