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Russia can resume export of petroleum products to Kazakhstan (Exclusive)

Oil&Gas Materials 25 May 2019 10:27 (UTC +04:00)

Baku, Azerbaijan, May 24

By Nargiz Sadikhova - Trend:

The Ministry of Energy of Russia is ready to resume supplies of petroleum products to Kazakhstan as soon as possible, a spokesperson of the Ministry of Energy of Russia told Trend.

At the beginning of 2019, oil balance sheets were agreed upon and signed by the Ministry of Energy of Russia and the Ministry of Energy of Kazakhstan.

However, Kazakhstan has prohibited the petroleum products import from Russia via railway transport for the period of three months.

“Currently, the government of Kazakhstan is considering the extension of the prohibition for the same period,” the spokesperson says. “The Kazakh party claims that the prohibition is due to oversaturation of the local market with petroleum products.”

According to the Ministry of Energy of Russia, they are ready to resume the supply of petroleum products as soon as possible if there is a demand from Kazakhstan.

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Follow the author on twitter: @nargiz_sadikh

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