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Kazakhstan considers no restrictions for Russian oil product imports — energy company

February 09, 2015, 14:33 UTC+3 ASTANA
Kazakhstan annually imports about 1.8 million tons of light petroleum products from Russia
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© Dmitry Rogulin/TASS

ASTANA, February 9. /TASS/. Kazakhstan considered no restrictions for oil product imports from Russia, head of the national KazMunay energy company Sauat Mynbayev said on Monday.

"As far as I understand, no specific decisions on restricted oil product supplies from Russia have been taken and I don’t know any drafts of such documents," he said. "As I understand, there will be no such restrictions," he added.

Kazakhstan annually imports about 1.8 million tons of light petroleum products from Russia, the KazMunayGas head said.

"This volume was determined earlier and is annually confirmed by the so-called indicative balance. But now imports from Russia slightly exceed the volumes, which were stipulated in the indicative balance," he said.

The KazMunayGas head said he shares concerns about the risk of the domestic market’s overstocking with fuel.

"As of today, the storage capacities in all the regions are, indeed, overfilled and this creates a certain problem for the utilization of our refineries," he said.

"The problem is that refineries are major taxpayers for each region and local budgets will collect fewer revenues if refineries are loaded to a lesser degree," the KazMunayGas head said.

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