Cause of oil products scarcity named in some Kazakh regions

Astana, Kazakhstan, August 8
By Daniyar Mukhtarov - Trend:

Targeted deficit of oil products in Kazakhstan arose from the actions of individual market participants, according to the report of the "KazMunaiGas Onimdery" LLP (KMGO, a 100 percent subsidiary of "KazMunaiGas - Processing and Marketing" JSC).

"Targeted deficit of petroleum products observed in some regions of Kazakhstan have resulted from the actions of individual market participants which constrained oil products realization in the last days of July. They were waiting for an increase of retail prices from August of the current year," the report said.

The report noted that, for example, some 20,700 tons of diesel fuel had been stored only on oil depots of Kostanay region (northern Kazakhstan) at the end of July this year including 7,400 tons on oil depot of "Kostanaynefteprodukt" LLP, 3,600 tons on oil depots of "Etalon cars Kostanay" LLP, 15,200 tons of AI-92 gasoline ("Kostanaynefteprodukt" LLP - 10,000 tons, "Etalon avto Kostanay" LLP - 2,200 tons).

Kazakhstan imports up to 30 percent of petroleum products from neighbor Russia in order to meet the needs of the domestic market, especially the need for high-octane gasoline.

The actual amount of oil imports from Russia reached the planned level in the first half of 2014, and in this regard, the Kazakh Ministry of Oil and Gas abolished the effect of joint decree "On certain issues for oil and petroleum products supplies from the Russian Federation", according to the report.

"Respectively, all without exception, all participants of the market can carry out oil products import," the company said.

In accordance with the expected supply schedule, in 2014 it is considered the import of auto gasoline of the AI-95/98 brands totaling 74,000 tons, AI 92/93 in quantity of 578,000 tons, AI-80 - 28,000 tons and diesel fuel totaling 378,000 tons from Russia.

By taking into account expected supply of oil products from Russia, the production of oil refineries and current stable consumption level of oil lubricants reserves on oil depots of the country ( in the volume of 169,500 tons of AI-92 gasoline and 189,600 tons of diesel fuel) is enough to meet the need of domestic market, the report said.

Edited by CN

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