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Sources say that Kazakh Black Sea oil is now being exported again after a brief stoppage due to tanker access.

Four industry sources confirmed on Thursday that the Russian FSB has begun issuing clearances for foreign tankers accessing Black Sea ports. This allows Kazakhstan to resume its oil exports after a short suspension.

According to two industry sources, new regulations have temporarily prohibited foreign tankers from loading in Russia's Black Sea ports. This has effectively stopped oil exports out of Kazakhstan that are mainly handled by the Caspian Pipeline Consortium, which is partly owned by U.S. major energy companies.

The Kazakhstani energy ministry had said on Thursday, however, that the country has not stopped oil loadings through Russian seaports.

The Russian President Vladimir Putin signed a new law on Monday that requires foreign ships to be approved by the FSB before they can enter the country's port.

The CPC pipeline links Kazakhstan's oilfields with export markets via the Russian Black Sea Port of Yuzhnaya Ozereyevka, near Novorossiysk. The pipeline transports mostly Kazakh oil, with a small amount of Russian oil.

Black Sea CPC blend oil exports were set at 1,66 million barrels a day in August or approximately 6.5 million tons. This is almost the same as the July export plan.

According to industry sources, the port of Novorossisk saw around 2.2 millions metric tons of oil exports and transit in July. Reporting by Bernadette B. Baum; Editing by Emelia Sithole Matarise and Bernadette B. Baum

(source: Reuters)