Massimov signs decree placing ban on fuels exports

Kazakhstan has extended the ban on fuels and lubricants exports, Tengrinews.kz reports, citing the Kazakhstan’s PM Karim Massimov’s Twitter account.“I have signed a decree to extend the ban on exports of some types of fuels and lubricants”, Head of Kazakhstan Government wrote in his Twitter account today, April 29. The deadline of the ban has not been specified. Earlier Novosti – Kazakhstan quoted a source in the Ministry of Oil and Gas as saying that the ban was going to be extended till July 1, 2011. Today Tengrinews.kz also reported about a possible 25% hike in prices for gasoline.