Kazakh petroleum product export ban to continue in 2013

November 15. Universal Newswires

Kazakh petroleum product export ban to continue in 2013Kazakhstan will likely extend its ban on the export of petroleum products through 2013, a senior Kazakh official said at an energy conference in Astana on Thursday.

“As it is known, the Oil and Gas Ministry introduced a ban on the export of petroleum products until the end of the current year. According to available information, the ban will be extended for the next year too,” the deputy director of the oil products marketing department of KazMunaiGas (KMG) Refining and Marketing division, Talgat Bukobaev, said.

Petroleum products on the no-sale list include light distillates, such as kerosene and similar fuels. But household stove fuel and some types of petrol are exempted from the ban.

The black list was drawn up to preempt potential shortages on the local markets that could result in difficult to control prices hikes and subsequent black market sales.

Kazakhstan introduced the export ban in early 2010 and has subsequently extended it every year.

Bukobaev was speaking at a conference in the Kazakh capital entitled, “Market of oil products in Central Asia.”

KMG is the Kazakh national operator for exploration, production, refining and transportation of hydrocarbons.

Kazakhstan, Central Asia’s largest economy, is super-rich in hydrocarbon resources but still lacks sufficient refinery output to satisfy its domestic and export demands.

http://www.universalnewswires.com/centralasia/kazakhstan/viewstory.aspx?id=13169

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