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Kazakh oil minister promises end to lubricants deficit

Kazakhstan Materials 20 September 2011 15:59 (UTC +04:00)
Kazakh Minister of Oil and Gas Sauat Mynbayev promised to solve fuel and lubricant deficit in Kazakhstan within a month.
Kazakh oil minister promises end to lubricants deficit

Kazakhstan, Astana, Sept. 20/ Trend corr. A.Maratov/

Kazakh Minister of Oil and Gas Sauat Mynbayev promised to solve fuel and lubricant deficit in Kazakhstan within a month.

"We will to resolve this problem by mid-October," he said on a Tuesday meeting of the ruling Nur-Otan party.

He explained fuel and lubricant outflow of the country first of all with impressive difference in prices compared to Russia.

"For example, price difference on petroleum AI-92 and AI-80 was 40 percent, whilst the figure has decreased to 36-38 percent.

"This is just a seasonal problem," the minister said. "The relevant measures have been taken in this regard."

The Russian government has also postponed applying the standards, which limit production of petroleum AI-92 by 2013.

Petroleum AI-96 costs $10 a liter in Astana, whereas famous AI-92 is sold only by special coupons. On free market, fuels and lubricants are available only at KazMunayGas petrol stations and it really causes huge queues.

Edited by E.Ostapenko

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