Baku, Azerbaijan, Oct. 1
By Elena Kosolapova - Trend:
Kazakh state oil and gas company KazMunaiGas agreed on petroleum product supplies from Azerbaijan and Russia, Kazinform reported, referring to a Kazakh official.
"We are facing shortage of petroleum products in the country," Deputy Energy Minister Magzum Mirzagaliev said at Kioge conference in Almaty. "In order to solve the problem, KazMunaiGas has contracted large petroleum supplies from Russia and Azerbaijan."
KazMunaiGas agreed on supplies of about 180,000 metric tons of petroleum products from Russia and 10,000 metric tons from Azerbaijan, he added.
"The situation with petroleum oil and lubricants is improving," Mirzagaliev said.
He noted that after the completion of oil refineries' modernization in 2016, they will completely meet the demand of the domestic market for fuel and lubricants and Kazakhstan will not experience shortage of petroleum oil and lubricants until 2022-2023.
Three large refineries - Pavlodar refinery, Atyrau refinery and Shymkent refinery - operate in Kazakhstan and their total processing volume nears 13 million metric tons.
Around one third of the fuels and lubricants consumed in Kazakhstan is traditionally imported from Russia.
Edited by T.T.