Kazakhstan imposes temporary ban on export of petroleum products outside Customs Union

Kazakhstan has imposed a temporary ban on the export of petroleum products outside the Customs Union, the press service of the Ministry of Energy of Kazakhstan reported.

According to it, it is forbidden to export light and middle distillates, kerosene, gas oil, diesel fuel and other petroleum products, except for domestic heating oil from the territory of Kazakhstan within 6 months.

It is reported that the order comes into force on January 1, 2015 in order to prevent a critical shortage and rising prices of petroleum products in the domestic market, 24.kg reports.

As the Executive Director of the Association of Oil Traders of Kyrgyzstan Ulan Kulov said to24.kg news agency, the introduction by Kazakhstan of a ban on the export oil won't affect the domestic market of petroleum products. "Such a ban existed before, they repeatedly renew it. According to the agreement in the CU, restrictions may be entered for no more than six months. On the basis of it, neighboring republics for the past several years practicing this procedure, as domestic production of petroleum products is not enough to meet their own needs. For us, this picture doesn't change anything since we are not importing fuel from Kazakhstan for several years. Our company buys petroleum products in Russia," Ulan Kulov said.