newsweek.ro/economie/erik-sagiyev-seful-rompetrol-

Erik Sagiyev, CEO of KMG International, emphasizes the strategic importance of the Black Sea for Europe's oil supply amidst regional tensions and rising transport costs. He discusses how the company has managed supply challenges and the potential of Romanian ports. Kazakhstan meets 63-65% of Romania's crude oil needs, and temporary delivery reductions were mitigated through reserves and alternative routes. Increased logistics costs have led to a shift in purchasing strategies and product redirection to Romania. Sagiyev highlights the significance of Constanța and Midia ports in enhancing the Middle Corridor, advocating for investments in transport infrastructure to connect maritime routes with European markets.