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Kazakhstan experts comment on fuel deficiency probability

13 september 2013, 13:07
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©RIA Novosti
©RIA Novosti
Kazakhstan experts have commented on the probability of the fuel deficiency in the country, Tengrinews.kz reports.

Earlier The Voice of Russia radio reported that Kazakhstan might face a deficit of high-quality petrol this autumn because of the delays in the launch of the processing of Kazakhstan oil in China. The radio stressed that production of petrol in Kazakhstan went 14 percent down since the beginning of the year and the oil refineries explained it by overstocking the oil storage facilities because of the export ban introduced three years ago.

Independent oil and gas expert Sergei Smirnov believes that petrol deficit in Kazakhstan is unlikely and Russian analysts rush with their forecasts and jump to conclusions based on the information about lowering of the production capacities of the refineries.

“I don’t think that there will be a deficit of petrol as all the storage facilities have been filled with Russian fuel. Processing was lowered because our refineries had no place to store the processed oil in. I don’t think that there will be a deficit,” Smirnov said.

Meanwhile, senior analyst of the Agency for Research of Investments Profitability Yerlen Badykhan, on the contrary, believes that petrol deficit is quite likely in Kazakhstan. “Most probably, it will hit the country in October. The bases that were overstocked 2 weeks ago are now half empty and the available stocks will be enough only until the end of September. Then Kazakhstan will apparently face a petrol deficit and the consequent prices raise,” he said.

Badykhan explained it by insufficient domestic petrol production in Kazakhstan, as well as by Russia's restrictions on petrol export outside Russia. “Besides, in the situation when petrol is cheaper in Kazakhstan than in Russia, Russian suppliers have no motivation to supply petrol to Kazakhstan,” the expert said.

The possible prices raise will affect other types of fuel as well, he believes. “Kazakhstan’s petrol export ban will have little effect on the situation. As you know, one refinery was suspended, while two others (Pavlodar and Shymkent) produce mostly fuel for railroads and agricultural vehicles,” he said.

Earlier Tengrinews.kz English reported that the tank farms of all three Kazakhstan refineries -- in Shymkent, Atyrau and Pavlodar -- were filled up to the gills. The refineries were then dispatching their products to oil storage facilities all around Kazakhstan.


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