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Kazakhstan’s oil products market is stable

by April 18, 2017 Legal

The Government meeting chaired by Prime Minister Bakytzhan Sagintayev reviewed preliminary results of Kazakhstan’s energy sector development.

Minister of Energy Kanat Bozumbayev reported that production of oil and condensate amounted to about 21.1 million tonnes or 103.5% of the plan for the 1st quarter of 2017. In general, the situation on the market of petroleum products is stable and there is no deficit in POLs. The domestic market is fully supported by local POLs.

Within the framework of the approved Schedule, supply of diesel fuel for spring field works of 2017 aimed at agricultural producers must be delivered in the amount of 375 thousand tonnes, via the POCR � 233 thousand tonnes, and PKOP � 63 thousand tonnes. In compliance with the request of the Ministry of Agriculture, the demand for diesel fuel is fully met, � K. Bozumbayev said.

The recommended price for diesel fuel for conducting spring field works for March and April 2017 (based on the current prices) is 127 000 thousand tenge/tonne (105.4 tenge/liter). Taking into account the transportation and storage, the price for diesel fuel for agricultural producers will amount to 117-126 tenge/liter, depending on the region of supply.

The volume of gas production amounted to 13.2 billion m3 (108.5% compared to the same period in 2016), which exceeded the quarterly plan by 4 percent. At the same time, gas exports from the Republic of Kazakhstan amounted to 4.1 billion m3, or 26% more than the same period in 2016.

Electricity generation for the first quarter was 27.1 billion kWh, which is 10.3 percent more than in the same period in 2016.

Source: Government of the Republic of Kazakhstan