BAKU, Azerbaijan, December 20. Estonian fuel
company Olerex could assist the Kazakh Aktobe Refinery in timely
adapting its refining processes and fuel parameters to EU fuel
quality standards, Chairman of Olerex Antti Moppel told Trend.
"Our cooperation with Aktobe Refinery is a good combination of
the both parties' strengths. While Aktobe Refinery produces a wide
range of low-viscosity marine oils, Olerex owns and operates one of
the most versatile multimodal marine oil terminal in the free port
of Tallinn. These capacities combined, we can be on the bunkering
market on the Baltic Sea," he said.
Moppel noted that Olerex as part of the European Union oil
sector, and member of the European Union Independent Oil Companies
(UPEI), can additionally bring in valuable know-how about the
developing legislative framework on the EU level, thus helping its
partners at Aktobe Refinery to timely adjust their refining
processes and fuel parameters to the changing EU fuel quality
standards, inter alia, to comply with the coming RED III directive
and Euro 7 emission standards.
"We feel growing interest from the side of the Kazakhstan oil
refiners and traders to reach the European Union markets with their
refined oil products. Olerex marine terminal is one of the fastest
and shortest routes to the Baltic Sea shore and from there either
to the Baltic States' internal markets, or by transit further to
Scandinavia, and the Amsterdam-Rotterdam-Antwerpen area port hub in
the Northern Europe," he added.
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.
