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Kazakhstan rebrands its oil to avoid Russian sanctions contagion

07 June 2022 10:59 (UTC +04:00)

Kazakhstan has renamed the oil it exports through Russian ports in a bid to avoid contagion from Russia’s new pariah status, APA-Economics reports citing Reuters.

The rebranding came after the European Union pledged last week to block all Russian oil arriving by sea by the end of this year.

Oil pumped in Kazakhstan has been rechristened KEBCO – Kazakhstan Export Blend Crude Oil – Reuters reported on June 3, citing CNPC-Aktobemunaigaz, a Kazakh oil producer which ships its product through Russian ports.

Kazakh oil has hitherto been exported along with Russian oil under the brand REBCO, Russian Export Blend Crude Oil, which the world knows better simply as Urals crude.