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
30 September 2020, 14:53
Accounts receivable of consumers to energy companies reached 17 billion tenge — Beibut Atamkulov
30 September 2020, 13:15
In Kazakhstan, 98.2 thousand packages of medicines and almost half a million medical masks withdrawn from illegal circulation — Ministry of Internal Affairs
30 September 2020, 12:22
Service for monitoring Internet quality by population launched in Kazakhstan
30 September 2020, 11:32
Ministry of Healthcare proposes to suspend resumption of additional flights with other countries from Oct. 5
30 September 2020, 10:59
Thirty-three Kazakh pharmaceutical companies produce 922 types of medicines — Ministry of Industry and Infrastructure Development
30 September 2020, 10:44
By the end of 2020, 99% of rural population to have broadband internet access — Askar Mamin
30 September 2020, 10:20
Over 4 thousand Kazakhstanis provided with free medicines — SK-Pharmacy LLP
30 September 2020, 10:17
Government considers readiness of regions for heating season
30 September 2020, 09:59
Mamin instructs to ensure 100% readiness of sanitary and epidemiological measures
29 September 2020, 10:54
Mechanical engineering, support for SMEs and industrial projects — how Kostanay region developed during pandemic
29 September 2020, 10:11
Government session to be held Sep. 30 in Ukimet Uyi
27 September 2020, 17:48
Prime Minister of Kazakhstan Askar Mamin and President of Tatarstan Rustam Minnikhanov launch three projects in automotive industry 
25 September 2020, 16:35
Reorientation to fish farming, improvement of legislation and measures of state support — how fish industry developed in Kazakhstan
24 September 2020, 17:38
Prime Minister Askar Mamin holds seminar on development of country's fishing industry in Shardara 
24 September 2020, 12:14
Arman Shakkaliyev relieved as chair of Committee for Technical Regulation and Metrology of Ministry of Trade and Integration
23 September 2020, 17:50
Baiterek Holding increases financial support of manufacturing sector by 17% 
23 September 2020, 14:43
Astana EXPO-2017 wind power station to reach full capacity of 100 MW by end of 2020
22 September 2020, 12:12
Harvesting in Kazakhstan completed by 93.4% — Ministry of Agriculture 
22 September 2020, 11:16
Sixty-five public organizations for protection of consumer rights operate in Kazakhstan — Ministry of Trade and Intergation
22 September 2020, 10:05
Head of Government gives several instructions to strengthen consumer protection 
22 September 2020, 10:02
Export potential of harvest in Kazakhstan to reach 7.5-8 million tons of grain in 2020
21 September 2020, 16:51
Government session to be held Sep. 22 in Ukimet Uyi 
21 September 2020, 12:54
Government considers issues of mass sports development 
18 September 2020, 18:26
Issues of preserving jobs and timely payment of wages discussed in Government of Kazakhstan
17 September 2020, 18:56
Prime Minister Askar Mamin meets with President of Turkmenistan Gurbanguly Berdimuhamedov
17 September 2020, 18:45
Government of Kazakhstan discusses issues of social protection of disabled people
16 September 2020, 18:09
Yerlan Kiyasov appointed Vice Minister of Healthcare - Chief State Sanitary Doctor of the Republic of Kazakhstan
15 September 2020, 12:26
Work underway in Kazakhstan to saturate domestic market with basic products for stabilizing prices — Ministry of Agriculture
15 September 2020, 10:27
Price increase for socially significant food products will not exceed 6% by the end of 2020 — Ministry of Trade and Integration
15 September 2020, 10:07
Prime Minister of Kazakhstan Askar Mamin instructs to ensure strict control over stability of prices for socially significant food products
15 September 2020, 09:44
Under Industrialization Map in Kazakhstan, 206 projects worth 1 trillion tenge to be introduced in 2020
15 September 2020, 09:29
For 8 months of 2020, 4.3 thousand new jobs created under Industrialization Map — Ministry of Industry and Infrastructure Development
14 September 2020, 22:47
Introduction of Industry 4.0 in Kazakhstan, or how smart factories worked during quarantine period and global pandemic
14 September 2020, 18:42
Interdepartmental Commission adopts decisions on work of businesses
14 September 2020, 14:02
Government session to be held Sep. 15 in Ukimet Uyi
14 September 2020, 10:51
Strategic directions for development of Eurasian Economic Integration until 2025 considered at session of EEC Council
11 September 2020, 13:07
Prime Minister Askar Mamin introduces Minister of Emergency Situations Yuri Ilyin
10 September 2020, 23:45
Distance learning, epidemiological situation, provision of villages with Internet — how educational process organized in Kazakhstan
10 September 2020, 13:12
Production of electronics industry of Kazakhstan to increase 8.5 times over 3 years
09 September 2020, 15:06
Roman Sklyar pays working visit to Atyrau region
09 September 2020, 11:59
Ministry of Healthcare on CVI: In Kazakhstan, there is a 6-fold decrease in bed occupancy
09 September 2020, 11:31
Food production for 8 months of 2020 increased by 3.6% — Ministry of Agriculture
09 September 2020, 11:21
Market of Kazakhstan fully provided with petroleum products of domestic production — Nogayev 
09 September 2020, 11:19
In Kazakhstan, total volume of container transit traffic increased by 37% — Ministry of Industry and Infrastructure Development
09 September 2020, 11:02
Measures taken stabilized epidemiological situation in the country — Prime Minister of Kazakhstan Askar Mamin 
09 September 2020, 10:54
Following results of 8 months of this year, positive dynamics remains in basic sectors of economy
09 September 2020, 10:53
Government adopts National Plan for Implementation of Address of the Head of State to People of Kazakhstan
09 September 2020, 10:25
604 loans issued under Economy of Simple Things Program — National Bank
09 September 2020, 10:20
Following results for 8 months of 2020, state budget received 5.5 trillion tenge of revenues — Ministry of Finance
09 September 2020, 10:13
Growth in construction, agriculture and manufacturing industry — Ruslan Dalenov reports on results of socio-economic development for 8 months of 2020
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.