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According to him, hydrocarbons are depleting, and renewable sources are unlikely to provide electric power sufficient to feed the growing global economy.

Such asset is economically attractive for us and we will try to make it economically efficient: KazMunaiGas Chairman.

Kazakhstan Minister of Oil and Gas explained the reason of fuel shortages in the country during his speech at the 6th Eurasian Forum KAZENERGY.

Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.

On Monday, September 26, Minister Mynbayev said that Kazakhstan would import 50 000 tons of high-octane petrol from the neighboring Russia to help combat fuel shortages.

According to him, all the nuclear facilities in the territory of Kazakhstan are scrutinized by the International Atomic Energy Agency.

Fuel truck flipped over on Semei-Borodulikha road. The driver is reported killed in the accident.

Agency for Protection of Competition fined Sinooil over 3 million tenge.

Petrol prices increased by 21 percent in January-August 2011 in Kazakhstan.

Kazakhstan oil refineries increased fuel dispatches to Almaty and Almaty oblast.

Petrol production made 1.7 million tons in January-August 2011 in Kazakhstan.

It was reported earlier that since the start of the year petrol price had grown by 17.4%, with prices set by oil refineries growing by 23%. Retail prices for diesel fuel have grown by 20% since the start of the year.

Decrease of petrol, diesel fuel and fuel oil prices is quite realistic not only theoretically, but also practically: Expert.

By 2016 we plan to meet the domestic demand and start exports: Kairgeldy Kabyldin, President of KazMunayGas.

Demand for gas equipment for cars is growing in Almaty because of increase of fuel prices.

According to the Minister, Kazakhstan-based refineries shifted towards greater production output of heavy petroleum products.

Almaty car-owners are arranging a flash-mob to protest against fuel prices raise.

According to the Company’s Marketing Director, the only economic solution could be more favorable conditions for import of fuel as the domestic production capacities cannot meet the demand for high-octane fuel.

Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.

August 19 Tengrinews.kz quoted KazTag Agency’s report that Kazakhstan’s Government planned to raise retail price ceiling for fuel by 12-14% starting from September 1.