25 февраля 2014 18:00

KazMunaiGas head on decreasing fuel supplies from Russia

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©RIA Novosti ©RIA Novosti

Fuel supplies from the neighboring Russia are set to be reduced in 2014, Tengrinews.kz reports, citing Sauat Mynbayev, KazMunaiGas National O&G Company Head, as saying at the extended sitting of the Company. “The recent [20%] currency devaluation in Kazakhstan has made it more expensive to import fuel from Russia; given the domestic prices for fuel the Russian supplies are set to decrease”, he said. According to him, in the first time it will have a positive impact on the domestic oil refineries as they have too much fuel in stock. However, in the longer run there might be a shortage of fuel as Kazakhstan depends on fuel imports. “It’s obvious the Government should come up with some measures to facilitate imports in the nearest time”, he said.


Fuel supplies from the neighboring Russia are set to be reduced in 2014, Tengrinews.kz reports, citing Sauat Mynbayev, KazMunaiGas National O&G Company Head, as saying at the extended sitting of the Company. “The recent [20%] currency devaluation in Kazakhstan has made it more expensive to import fuel from Russia; given the domestic prices for fuel the Russian supplies are set to decrease”, he said. According to him, in the first time it will have a positive impact on the domestic oil refineries as they have too much fuel in stock. However, in the longer run there might be a shortage of fuel as Kazakhstan depends on fuel imports. “It’s obvious the Government should come up with some measures to facilitate imports in the nearest time”, he said.
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