Kazakhstan to put temporary ban on gasoline, diesel fuel imports from Russia

Oil&Gas Materials 2 March 2015 16:26 (UTC +04:00)

Baku, Azerbaijan, March 1

By Elena Kosolapova - Trend:

Kazakhstan will introduce a temporary ban on the import of gasoline and diesel fuel from Russia since March 5, Kazakh Energy Vice-Minister Magzum Mirzagaliev said, Kazinform reported.

The ban will be valid for a period of 45 days.

"After 45 days, the ban will be lifted," Mirzagaliev said on the sidelines of the meeting in Kazakh Senate (Parliament's Lower Chamber).

He explained that the parties sign a balance agreement on tax-free supplies of Russian petroleum products to Kazakhstan every year. This agreement envisages supplies of 1.100 million metric tons of Russian tax-free gasoline and 760,000 metric tons of tax-free Russian diesel to Kazakhstan.

"In Jan. - Feb. Kazakhstan imported a big amount of the agreed gasoline and diesel fuel. In order to prevent deficit at the end of the year and ensure usage of the remaining volumes of agreed tax-free petroleum products throughout the year, we will regulate the market," Mirzagaliev said.

This measure should not result in rise in gasoline prices, he noted.

Edited by S.I.