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Kazakhstan extends ban on export of petroleum products until May 2014

The decree bans export of light distillates, kerosene, gas oils and other petroleum products, except for petroleum solvents and heating oil

© ITAR-TASS/Anatoly Ustinenko

ASTANA, December 27. /ITAR-TASS/. Kazakhstan has extended a temporary ban on petroleum products export until May 2014. The government signed the relevant decree and published it in official newspapers on Friday.

The decree that comes into force as of January 1, 2014, introduces the ban on the export of light distillates, kerosene, gas oils and other petroleum products, except for petroleum solvents and heating oil.

The republic’s Ministry of Economy and Budget Planning was instructed to inform the Eurasian Economic Commission on the ban and submit for the commission’s consideration an initiative urging to use similar measures by other member-states of the Customs Union of Russia, Belarus and Kazakhstan.

For the first time Kazakhstan introduced the ban on the export of petroleum products in 2008 to prevent a deficit of petroleum products and an increase of prices for them on the domestic market.

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