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Kazakhstan extends ban on importing fuel and lubricant materials

Kazakhstan extends ban on importing fuel and lubricant materials

Nur-Sultan, July 15 - Neftegaz.RU. Kazakhstan has extended a ban on the import of fuels and lubricants, Kazinform correspondent reports with the reference to the press service of the Kazakh Ministry of Energy.

According to the Ministry, today the level of oil product reserves in the domestic market is at high level and the supply of additional volumes of imported fuel may affect domestic refining.

To ensure the country's energy security, the Ministry of Energy introduces a ban on the import into the Republic of Kazakhstan of gas, aviation and diesel fuel by rail, road and pipeline. It is worth noting that this measure is temporary and will be valid until September 1, 2020.

On March 30, Kazakhstan introduced an embargo on imports of gasoline, diesel fuel and jet fuel from Russia for a period of 3 months. Kazakhstan tried to ease oversupply of gasoline in the domestic market as demand has slumped due to the coronavirus outbreak.

Russia banned on May 25 imports of refined oil products, including gasoline, diesel, and jet fuel, to protect its refining industry from cheap imports. The ban will be in effect until October 1 to ensure the energy security of the Russia and stabilize the domestic fuel market, the government says in the decree.   

To read the news in Russian.