Oil Supply Schedule to Be Digitized in Kazakhstan

On May 23, 2024, The Ministry of Energy reported it would improve the organization of the oil supply schedule. This is planned to be gradually turned digital and automated.

The Ministry of Energy reports that the oil supply schedule will be digitized in three stages within the framework of the Office of Digital Transformation. They will initially introduce the submission of applications by market entities in digital form. They will then create a digital model for distributing oil delivery schedules. Finally, they will automate the distribution of schedule extracts to recipients.

Digital transformation of the process will eliminate the human factor, increase efficiency, and ensure transparency, and transparency of this function of the Ministry, the Ministry of Energy noted.

The service is planned to be put into operation in the third quarter of 2024. Nurlan Zhumagulov, director of the Energy Monitor public fund, has commented on the initiative.

This applies to all market entities, and not just KMG and Petrosun (whose share is 80% of the market),said Nurlan Zhumagulov.

Reports have recently surfaced that supplies of Kazakhstan's oil to Germany have been extended until the end of 2024.