GASOLINE PROFICIENCY IN KAZAKHSTAN IN 2019 IS TO REACH 500,000t TO 650,000t
GASOLINE PROFICIENCY IN KAZAKHSTAN IN 2019 IS TO REACH OM 500,000t TO 650,000t
Kazakhstan expects to start exporting gasoline in the first quarter in order to resolve the situation with a surplus of fuel in the domestic market.
The head of the ENERGY Ministry Kanat Bozumbayev stated this at the meeting of the Kazakhstan Parliament.
"We have this year from 500,000t to 650,000t of gasoline surplus. The surplus already exists from the beginning of the new year, which already forced us to cut the refinery runs in January-February," K. Bozumbayev stated, responding to the questions from deputies (quoted by KazInform).
He reminded that the Senators received a draft law on ratification of the Protocol on Amendments to the Agreement between the Government of the Republic of Kazakhstan and the Government of the Russian Federation on trade and economic cooperation in supplies of crude and oil products to the Republic of Kazakhstan dated 9 December, 2010.
"We hope that after ratification of this agreement we will come up with legislation regulating circulation of certain types of petroleum products. At the end of the first quarter, we will begin to export gasoline and boost the refinery runs to reach the indicators we have planned for the 2019,” explained the energy minister.
We remind that on 3 October, 2018 the Energy Minister of Kazakhstan Kanat Bozumbayev and the Minister of Energy of the Russian Federation Alexander Novak signed in Moscow, an intergovernmental Protocol on amendments to the agreement between the two governments on trade and economic cooperation in the supply of crude and oil products to the Republic of Kazakhstan dated 9 December 2010. The changes will make it possible to regulate the import of petroleum products from Russia to Kazakhstan and the export of petroleum products from Kazakhstan outside the customs territory of the Eurasian Economic Union at the interdepartmental level (at the level of the energy departments of the two countries).
In this way, Kazakhstan will be able to take swift decisions on the opening / closing of exports or imports of certain types of petroleum products, depending on the balance of the domestic fuel market. According to the Kazakhstan Energy Ministry estimates as of February 2019, the volume of accumulated motor gasoline in the tank farms around the country is over 350,000t.
Three major refineries in Atyrau, Pavlodar and Shymkent are currently operating in Kazakhstan. At the end of the modernization, the refining capacity of the three refineries increased from 276,00 b/d (13.8mn tpa) to 330,000 b/d (16.5mn tpa), which increased production of all types of light petroleum products. The output of motor gasoline increased by 2.35mn t, diesel fuel increased by 0.9mn t, and jet fuel - by 0.54mn t.
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