Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Oil market situation is stable — Ministry of Energy

Friday, 06 December 2019, 17:13:35

At the press conference in the government, Vice Minister of Energy Asset Magauov, speaking about the development of the oil industry in Kazakhstan, noted that the volume of production of oil products over the 11 months of 2019 increased significantly.

The modernization of all refineries has been completed. So, the modernization of the Shymkent plant was completed in 2018, the Atyrau and Pavlodar refineries — in 2017.

The oil refining plan for 2019 is 17 million tons. It is expected that it will be exceeded. Pre-processing at the end of the year will amount to 17.169 million tons, which is 4.7% higher than last year.

The volume of production of petroleum products for 11 months of 2019 significantly increased as a result of an increase in refining and the completion of modernization of the refinery.

So, for 11 months of 2019, the production of petroleum products amounted to:

  • gasoline — 4,078.9 thousand tons or (114.2% compared to the same period in 2018);
  • jet fuel — 577.2 thousand tons (170.4% compared to the same period in 2018);
  • diesel fuel — 4,446.5 thousand tons (107.9% compared to the same period in 2018);
  • fuel oil — 2,496.1 thousand tons (97.6% compared to the same period in 2018).

In general, the oil market is stable,” Magauov said.

In addition, the vice minister said that in the future it is planned to increase the export of high-octane gasoline of Kazakhstan production in the presence of free volumes after ensuring the country's domestic market.

At the same time, in order to exclude the unauthorized flow of oil products in the border areas, the Ministry of Energy together with the Ministries of Finance and the Interior and the National Security Committee approved an order to ban the export of oil products by road.

Since we had surplus gasoline, in July 2019 we began exporting gasoline to neighboring countries. In the summer, we spent 8-10 thousand tons per month. Of course, we expected that the quantity would be greater. We were expecting about 50 to 80 tons. But, unfortunately, flows to the border countries “washed out” these volumes and the Ministry initiated an order to ban the export of oil products by road. On October 23, the order was published. In November, we already see that the remaining gasoline amounts have become larger,” the vice minister explained.

So, according to preliminary data, gasoline exports in November will amount to 80 thousand tons. An even larger supply of gasoline residues is expected for December, and it is forecasted that the December export volume should be about 100 thousand tons. This will increase tax revenues in the form of export customs duties to the budget of the Republic of Kazakhstan. With each ton of gasoline, the budget receives about $50-55 in the form of export customs duties.


News feed
04 April 2020, 16:39
Currently, work of e-government portal stabilized — Askar Zhumagaliyev
04 April 2020, 15:17
Import duties cancelled on goods necessary for livelihood of population of EAEU Member States
03 April 2020, 13:16
Non-working regime in Nur-Sultan and Almaty extended for a week, quarantine introduced in Shymkent
02 April 2020, 20:40
Deferral of payments without supporting documents — what help will population and business receive during emergency state in the country?
02 April 2020, 11:51
Implementation of Employment Roadmap to cover 7 thousand projects — Ministry of Labor and Social Protection of the Population
02 April 2020, 10:42
Costs of implementing Employment Roadmap to increase to 1 trillion tenge — Ministry of Finance
02 April 2020, 10:20
Government takes additional measures to support citizens and businesses
02 April 2020, 10:13
SMEs exempted from taxes and social payments until Oct. 1, 2020 — Ministry of National Economy
01 April 2020, 20:17
Conditions changed — how Kazakhstanis can receive 42,500 tenge and food packages
01 April 2020, 17:23
Government session to be held April 2 in Ukimet Uyi
30 March 2020, 16:55
Sizes of pay raise approved for medical workers involved in treatment of patients with coronavirus
28 March 2020, 19:10
One job in automotive industry stimulates creation of 7-8 jobs in related areas
28 March 2020, 11:56
Prime Ministers of Kazakhstan and Uzbekistan Askar Mamin and Abdulla Aripov launch joint production of new car models in Kostanay
28 March 2020, 11:34
Gulshara Abdykalikova appointed akim of Kyzylorda region
27 March 2020, 13:01
Activities of enterprises and organizations to be suspended from March 30 to April 5 in Nur-Sultan and Almaty
27 March 2020, 08:30
Housing Construction Savings Bank to grant deferrals to customers automatically, without supporting documents
26 March 2020, 18:42
State Commission on Ensuring the State of Emergency under President of Kazakhstan strengthens restrictions in Nur-Sultan, Almaty and Shymkent
24 March 2020, 15:11
Government considers measures to implement instructions of the Head of State
24 March 2020, 14:34
Birgemiz Public Fund announces the Board of Trustees
22 March 2020, 13:20
Video Digest: Main events of the week, No. 53
21 March 2020, 14:50
Prime Minister Askar Mamin holds telephone conversations with heads of government of Russia, Uzbekistan, Kyrgyzstan and Tajikistan
21 March 2020, 12:34
Askar Mamin congratulates Kazakhstanis on Nauryz
20 March 2020, 17:52
Askar Mamin instructs akims, large enterprises and SMEs to ensure preservation of jobs
20 March 2020, 12:00
Quarantine is not a restriction on providing Kazakhstanis with necessities – Tugzhanov
20 March 2020, 11:53
70% of employees of state organizations in the capital and Almaty switched to remote work
20 March 2020, 11:29
Over 32 billion tenge to be allocated in Kazakhstan to ensure food security
20 March 2020, 09:38
Prime Minister Askar Mamin inspects progress of work on ensuring quarantine regime in Nur-Sultan
19 March 2020, 22:18
Briefing on measures to prevent the spread of COVID-19 in Kazakhstan
18 March 2020, 18:59
Government will ensure price stability and uninterrupted food supply
17 March 2020, 20:36
About restrictions on entry-exit to / from the cities of Nur-Sultan and Almaty
17 March 2020, 18:50
In 2020, Baiterek Holding to support over 19 thousand SME projects
17 March 2020, 16:10
State Commission for Ensuring State of Emergency under the President of Kazakhstan introduces quarantine regime from March 19 in Nur-Sultan and Almaty
17 March 2020, 14:13
Dalenov speaks about measures to support temporarily closed facilities
17 March 2020, 13:50
Prices should return to level of early last week — Bakhyt Sultanov calls on Kazakhstani entrepreneurs
17 March 2020, 13:41
In Kazakhstan, a ban to be introduced on calculating remuneration for delays of more than 90 days on consumer loans of individuals — Madina Abylkassymova
17 March 2020, 13:13
Alikhan Smailov speaks about special procedure for budgeting during emergency
17 March 2020, 12:52
Two hundred thousand jobs to be created in Kazakhstan — Birzhan Nurymbetov on measures to ensure employment of citizens
17 March 2020, 11:36
Kazakhstan created necessary conditions for saturating market with domestic food products — Ministry of Agriculture
17 March 2020, 11:22
By beginning of spring field work, readiness of equipment to be 100% — Ministry of Agriculture
17 March 2020, 11:07
Large trade objects, cinemas and sports facilities to be exempt from tax payment for one year — Ministry of National Economy
17 March 2020, 10:07
Government reviews preparations for spring field work
17 March 2020, 09:52
Government approves anti-crisis package
16 March 2020, 20:34
Prime Minister Askar Mamin holds meeting with heads of retail chains
16 March 2020, 18:27
Government session to be held March 17 in Ukimet Uyi
16 March 2020, 16:59
Prime Minister Askar Mamin holds meeting of State Commission on Ensuring State of Emergency under President of Kazakhstan
16 March 2020, 15:59
Switching from Cooperatives to Associations of Housing Owners: How will monthly size per square meter be calculated
16 March 2020, 15:55
One house – one account: Residents to manage the money themselves
16 March 2020, 15:40
Main idea of ​​creating Associations of Property Owners — to let people manage their own house — interview with Margulan Abdykarimov
15 March 2020, 19:21
No cases of coronavirus infection found in western regions and Kyzylorda region of Kazakhstan
15 March 2020, 19:16
Tugzhanov: All social obligations to be fulfilled in due time
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.