Kazakhstan to ban exports of oil products

Sept 07. Reuters. ASTANA

Kazakhstan will introduce a temporary ban on exports of oil products to smooth domestic prices during the grain harvesting season, Prime Minister Karim Masimov said on Monday.

Kazakhstan, Central Asia’s largest grain producer, regularly uses such measures to protect the agricultural sector which employs a significant share of its population and whose use of diesel spikes during the harvest.

“I will sign (a decree banning exports) today,” Masimov told a government meeting. He did not say what the duration of the ban would be. Oil-rich Kazakhstan is not a large exporter of oil products and mostly ships abroad crude oil.