BAKU, Azerbaijan, December 19. Estonian fuel
company Olerex and the Kazakh oil refinery Aktobe Refinery will
collaborate on the sales and transit of marine fuel oil via the
Tallinn port marine terminal, owned by Olerex, for the bunker
customers on the Baltic Sea and beyond, Chairman of Olerex Antti
Moppel told Trend.
Olerex and Aktobe Refining have formalized a partnership
agreement to collaborate on oil refining and marine fuel trading,
utilizing Estonian infrastructure. This agreement was signed during
the Business Forum in Astana, which took place under the patronage
of Presidents Kassym-Jomart Tokayev and Alar Karis.
Moppel highlighted that Olerex is a leading pan-Baltic energy
company, responsible for importing and distributing over 30% of
Estonia's total fuel consumption. The company operates 100 gas
stations in Estonia, 60 in Latvia, and five under the Olerex brand
in Lithuania.
He further emphasized that one of Olerex's strategic assets is
its marine fuel terminal in the free port of Tallinn, which has a
storage capacity of 78,000 cubic meters.
"Through our cooperation with Aktobe Refining, we are poised to
expand our operations in bunkering and marine fuel oil transit. Our
marine terminal is equipped with the capabilities and expertise to
receive, store, blend, and reload both light and heavy oil
products. As a result, we are opening an entirely new market
segment for ourselves and our partner, Aktobe Refining," Moppel
stated.
Aktobe Refining is located in the industrial zone of the city of
Aktobe. The total volume of processed raw materials in 2024
amounted to 224,822 tons. The raw materials were sourced from 15
different fields. The average monthly processing volume was 18,735
tons.
