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