KMG International sees strong growth in crude oil resale volumes in 2024
In 2024, KMG International saw significant growth in its crude oil resale volumes, primarily driven by increased supplies from Tengizchevroil to Petraco Energies. Additionally, there was an uptick in supplies from KEBCO at Kashagan and other sources of Azerbaijani oil. Meanwhile, oil product production at Kazakhstan and Romanian refineries experienced a slight decline, although Kazakhstan's refineries showed improved efficiency, leading to a modest increase in output.
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