In September, Kazakh oil refineries can increase oil processing by 90,000 – 100,000 tons

Kazmunai Gas and the Ministry of Energy of Kazakhstan analyze the ability for the increase in oil processing at the state oil refineries by 90,000 – 100,000 tons in September, for the satisfying of the internal consumption on the background of the economic lack of efficiency of oil products imports.

Now they operate in Kazakhstan 3 major oil refineries with total yield of 1.9 million tons of petrol of the AI-92 sort and 4 million tons of diesel fuel. Currently Kazakhstan consumes 2.8 million tons of petrol of AI-92 sort and 4.6 million tons of diesel fuel.

Usually, the deficiency between production and supplies is covered with oil products supplies from Russia. Every year Russia and Kazakhstan close the indicative balance setting the volume of fuel imported to Kazakhstan from the RF on the duty-free basis. All the excess supplies will be charged with export duty.

For prevention of outstripping of the oil product indicative balance, KMGO was assigned as the sole operator for oil product supply from the RF since June 2014.

The company claims that the oil product indicative balance for 2014 is 470,000 tons of diesel fuel and 670,800 tons of AI-92, however, oil product imports to Kazakhstan were 306,800 tons of AI-92 petrol by May 2014 instead of the planned 263,800 tons.

Without restrictions from the state, by the autumn the Kazakh consumers would have to pay for petrol on a price involving duty. At the end of July, the embargo for imports from Russia was lifted in connection with the market situation of those days.

Since June 2014, oil product prices rapidly increased in Russia. Within the period, the FAS of the RF imposed the restriction on petrol exports in order to avoid its deficiency at the RF internal market in connection with the breakdown at the Achinsk oil refinery, the only one in the Krasnoyarsk region, and other factors.

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