Kazakhstan Export Oil Renamed KEBCO To Avoid Russia REBCO Urals Crude Mistaken Identity and Sanctions

Kazakhstan has been affected from indiscriminate fallout from Russia’s invasion of Ukraine, significantly by using Russian sea ports as a transit route for 20% of its export oil flow its oil suffers the fate of mistaken identity as Russian crude. Kazakhstan is changing the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks, hopefully getting better pricing and … Continue reading “Kazakhstan Export Oil Renamed KEBCO To Avoid Russia REBCO Urals Crude Mistaken Identity and Sanctions”