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WorldPosted at: Aug 21 2017 7:18PM


Kazakhstan may lift ban on gasoline, diesel fuel exports in January

ASTANA, Aug 21 (Reuters) Kazakhstan may lift a ban on the export of gasoline and diesel fuel a year earlier than planned to help local refineries increase profits after spending heavily on equipment upgrades, Energy Minister Kanat Bozumbayev said on Monday.
Under an agreement with Russia, Kazakhstan in 2014 banned exports of so-called white products, including gasoline and diesel fuel, until Jan. 1, 2019. In exchange, the former Soviet republic receives duty-free fuel from Russia.
Bozumbayev told reporters the government planned to initiate talks with Russia about lifting the ban from January 2018 as that would help refineries repay "loans taken out to finance costly upgrades".
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