1. Main
  2. Learn
  3. Politics
  4. Laws, Initiatives

Kazakhstan bans fuel export04 января 2015, 13:02

Photo courtesy of vesti.kz Photo courtesy of vesti.kz

Kazakhstan has introduced a six months ban on export of certain types of fuel, Tengrinews reports citing the press service of the Kazakh Ministry of Energy.

"By the degree of the Minister of Energy of Kazakhstan approved by the Ministry of National Economy and the Ministry of Finance, a ban is being introduced for a period of 6 months on exports from Kazakhstan outside the territory of the Customs Union of light distillates and products (Customs Union Commodity Classification of Foreign Economic Activity (CU CC FEC) code 2710 12), middle distillates kerosene, gas oil, diesel oil (CU CC FEC code 19 110 0 - 2710 19 290 0, 2710 19 350 0 - 2710 19 480 0, 2710 20 110 0 - 2710 20 190 0) and other petroleum products (CU CC FEC code 2710 20 900 0), except for domestic heating oil," the statement said.

The decree came into force on 1 January 2015. According to Article 18 of the Law on Regulation of Commercial Activities and Section 10 of Annex 7 to the Treaty on the Eurasian Economic Union, it is called to prevent critical shortages and rise of prices of petroleum products at the domestic market of Kazakhstan.

On December 30, 2014, the Ministry of Energy set retail caps on petroleum products subject to state regulation of prices: diesel will be sold at 107 tenge per liter ($0.59), AI-80 at 89 tenge per liter ($0.49), and Ai-92/93 at 109 tenge per liter ($0.6).

By Dinara Urazova


Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan