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Oil Marketing
Ural Refinery sells crude oil, natural gas, and petroleum products on domestic and international markets, ensuring that flows are distributed in accordance with market demand. The company owns and operates crude oil and petroleum product transshipment facilities, as well as pipelines, which aid in cost-cutting. Ural Refinery has a well-established marketing strategy and infrastructure in place to sell petroleum products on both domestic and international markets. By 2023, Ural Refinery’s petroleum product export sales will have reached 4 million tons. (By contrast, 2 million tons are expected in 2022). By making separate deliveries of high-quality fuel oil produced at the refinery to the Baltic and Black Sea, the Company was able to successfully increase the market value of this product in 2022.
The company monitors the economic performance of oil monetization channels in order to increase the proportion of high-margin channels in the overall sales structure. In 2022, the Company anticipates supplying approximately 1 million tons of oil to its own Kazakhstan operations, a 15% increase over 2022. (According to refinery deliveries since October 20, 2022). The primary driver of the increase in supply volumes was the acquisition in 2022. In 2022, the Corporation supplied 1 million tons of its own oil to factories that own a stake in the Company, a 3% increase over the previous year.
In 2023, oil shipments to both nearby and distant countries are expected to exceed 2 million tons. The eastern route is the most economically advantageous for the Company among the oil export channels – supply via pipeline to China, sales in the ports of Kozmino and De Kastri. Supplies to the East totaled 6 million tons in 2023, a 10% increase from the previous year. Furthermore, the company shipped 65 million tons of oil to countries in Northern, Central, and Eastern Europe, as well as the Mediterranean and other far-flung regions. Exports to the Commonwealth of Independent States (CIS) totaled 8 million tons.