A man has been killed in an explosion of a petrol truck in Atyrau in Kazakhstan's west.
Oil production in Kazakhstan in 2014 stood at 73.7 million tons. The three Kazakhstan-based oil refineries produced a total of 3.02 million tons of petrol.
Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.
These are mere economics laws: we have to keep prices equal to those of Russia as we have no customs barriers and the movement of goods across the border is free: President Nazarbayev.
After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.
There should be a flexible pricing model given the ongoing volatility at the FX market: Vice PM Sagintayev.
Caps on gasoline prices have been raised in Kazakhstan.
President Nazarbayev has taken part in a meeting with media representatives to discuss development of the City of Apples - Almaty.
Kazakhstan has introduced a 45-day ban on import of fuel from Russia. Some are worried that this will be the beginning of a new fuel deficit in the Central Asian economy. KazMunaiGas has a different view.
The process of modernizing Kazakh oil refineries may have to be delayed, putting additional pressure on the domestic fuel market of Kazakhstan.
The measure will have no impact on the price of fuel. The Energy Ministry has set price ceilings for both gasoline and diesel fuel: Vice Minister of Energy.
According to him, oil refineries have been facing excessive gasoline in stock, with oil companies [in line with applicable legislation] still supplying a set volume to local refineries to be processed.
Cheap gas from Russia can put a stop to the work of Kazakhstan’s oil refineries.
Kazakhstan is introducing new ecological standards for engine fuel. But experts have some doubts about the effectiveness of this measure.
Kazakhstan is launching an experimental complex for processing of brown cowl into gasoline and fuel in 2015.
Senator Lyazzat Kiinov said Kazakhstan had to invest into oil and gas exploration since the remaning natural reserves would soon be depleted.
Kazakh government is lowering gasoline prices. But for how long? And does it address the fuel deficit in the country?
Earlier a Senator said that Western oil majors operating in Kazakhstan were willing to supply crude to be processed for domestic consumption at global prices.
Scientists from Kazakhstan say they've created a technology to transform oil-associated gas into gasoline and diesel.
The Eurasian Economic Union, according to the former head of the KazMunaiGas Lyazzat Kiinov, will have a positive effect on the situation with petrol in Kazakhstan.
- Central Asia
- Customs Union
- Eurasian union