President of Kazakhstan said that traditional energy was not possible to replace with alternative sources, which is why Kazakhstan should not be afraid of that its economy is based on raw materials.
Gasoline prices in Kazakhstan are substantially lower than those of the neighbouring Russia. They will be gradually growing until they match the Russian prices by 2019.
Tengrinews correspondent finds orders on government procurement website to buy diesel at price 60% higher than the price cap set by the Kazakhstani government.
One of the possible ways to address the recurring gasoline deficit in Kazakhstan is transitioning to gas from petrol and gasoline products. This is easier to say than to do, however.
Uralsk is an administrative center of West Kazakhstan Oblast. The Oblast produces both oil and gas. However, since early morning yesterday people in the city have been forming kilometer-long queues to refuel.
Oil-producing Kazakhstan experienced a significant fuel price hike last week. Vice-Minister of Energy Karabalin spoke to the journalists about the situation and the future of the fuel supplies in Kazakhstan.
The Russian side has shown a certain interest, and we are launching a joint group to meticulously study the possibilities: First Vice Energy Minister Uzakbai Karabalin.
Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.
Pirates have attacked a Malaysian tanker and stolen the gas oil cargo before releasing it in the latest attack in Southeast Asian waters, officials said.
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.