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Kazakhstan Minister dispels rumors of fuel deficit

25 september 2013, 16:57
0
Photo by Marat Abilov©
Photo by Marat Abilov©
There is no fuel deficit in Kazakhstan, Tengrinews reports citing Kazakhstan Oil and Gas Minister Uzakbai Karabalin as saying.

“Forecasts have been made that there will be a deficit of fuel. The market is changing and, of course, it will keep changing, but there is no deficit,” the Minister told the journalists on the sidelines of a Senate’s work group meeting.

Commenting the rumors of the coming fuel deficiency, Karabalin reminded of the restriction on oil products below Euro-3 standard enacted in Russia. This restriction caused the low-quality and low-cost fuel to flow to Kazakhstan. According to the Minister, the government had to intervene to limit this flow.

Recently Kazakhstan Fuel Association said that Kazakhstan might face a catastrophic petrol deficiency. According to the organization’s representatives, agriculture and railroads were consuming most of the fuel. That’s why the retailers were allegedly receiving less than they were supposed to. They forecasted the Petrol deficit to get worse in October, when Shymkent refinery closes for an overhaul.


By Altynai Zhumzhumina


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