Kazakhstan signs agreement to import Azerbaijani gasoline
Baku, Azerbaijan, Oct.22
By Elena Kosolapova - Trend:
Kazakhstan has signed an agreement to import 3,000 metric tons of AI-92 gasoline from Azerbaijan, Kazakh Ministry of Energy told Trend on Oct.22.
The agreement was signed in October with international company Lanturno Management S.A. which will ensure the delivery of Azerbaijani fuel through Russia.
Kazakhstan has already paid the full cost of the contracted petroleum products, however the shipping and delivery of gasoline hasn't been carried out as of Oct.21.
It is expected that the gasoline will be physically delivered after the adoption of a decree 'On some issues of stabilization of petroleum products market' by the government of Kazakhstan.
It was earlier reported that Kazakhstan is holding negotiations on the supply of AI-92 gasoline from Azerbaijan, Turkmenistan, Russia, Belarus, China and other countries.
Three large refineries - Pavlodar refinery, Atyrau refinery and Shymkent refinery - operate in Kazakhstan and their total processing volume nears 13 million metric tons.
The volume of petroleum products produced in the country doesn't meet the demands of the domestic market.
Kazakhstan is expected to produce 2.885 million metric tons of motor gasoline in 2014, while the consumption of this product is forecast to hit 4.168 million metric tons.
It is planned to complete the modernization of all the refineries in the country in 2016. Kazakh Ministry of Energy said that as a result of modernization of the refineries, the country's demand for light oil products will be fully met.
Lanturno is a private company that began operations in 2003. Its main office is located in Geneva. It is mainly engaged in the trade of oil and petroleum products.
Edited by CN