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Kazakh Energy Ministry expects no sharp rise in gasoline prices

The First Deputy Energy Minister of Kazakhstan Uzakbai Karabalin disproved the information about the possible rise in gasoline prices to 300 KZT per liter (181.09 KZT = $1).

The prices can increase, but it is unlikely that they will reach 300 KZT, Karabalin said at a briefing at the Central Communications Service on Dec.3. The prices can increase, but it is unlikely that they will reach 300 KZT, Karabalin said at a briefing at the Central Communications Service on Dec.3.

He said a number of companies, including KazMunaiGas, UzenMunaiGas, MangistauMunaiGaz, PetroKazakhstan and others currently deliver the needed oil to plants for refining.

Karabalin added that exploration is underway, fields are discovered, and other fields are being developed. “We believe that anyway, these fields will play significant role in proviiding the refineries with oil.”

Earlier, Kazakh Senator Lyazzat Kiinov said the Kazakh government should intensify the work on searchi and exploration of new oil and gas fields in order to avoid the hike in oil prices.

He said that large western companies intend to supply oil for the domestic refining not at the intrinsic value, but only at world prices.

If Kazakhstan’s refineries receive oil at world prices, then the prices of AI-95 and AI-96 gasoline will be equal to 350-370 KZT per liter.

He said a number of companies, including KazMunaiGas, UzenMunaiGas, MangistauMunaiGaz, PetroKazakhstan and others currently deliver the needed oil to plants for refining.

Karabalin added that exploration is underway, fields are discovered, and other fields are being developed. “We believe that anyway, these fields will play significant role in proviiding the refineries with oil.”

Earlier, Kazakh Senator Lyazzat Kiinov said the Kazakh government should intensify the work on searchi and exploration of new oil and gas fields in order to avoid the hike in oil prices.

He said that large western companies intend to supply oil for the domestic refining not at the intrinsic value, but only at world prices.

If Kazakhstan’s refineries receive oil at world prices, then the prices of AI-95 and AI-96 gasoline will be equal to 350-370 KZT per liter.

NA
Copyright:
Trend
Published on:
December 4, 2014
Source url:
http://en.trend.az/business/energy/2339987.html
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