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Russia’s oil, oil products supplies to Kazakhstan to decrease in 2012

Kazakhstan Materials 28 November 2011 12:20 (UTC +04:00)

Kazakhstan, Astana, Nov. 28 /Trend K.Konirova/

Russia will reduce the supply of crude oil and petroleum products to Kazakhstan in 2012, Kazakh Oil and Gas Minister Sauat Mynbayev said at a governmental meeting on Monday.

"Russia made a strong position to reduce supplies to 6 million tons in 2012 from the current 7 million tons of oil," Mynbayev said.

Mynbayev noted Russia will limit shipments of petroleum products, including gasoline and jet fuel.
Mynbayev believes it is important to solve an issue of oil supplies from Russia by rail and to discuss the tolling operations.

"If we don't bring the necessary volumes of oil, while domestic capacities are insufficient, it is more logical to export own oil for refinery and bring back the oil products in the break in current difference in prices that we have with Russia," Mynbayev said.

In this regard, Prime Minister Karim Masimov suggested holding a governmental meeting in December on the organization of this scheme, as well as on the distribution of reduced quotas for Russian oil and petroleum products.

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