• 2008 May 5 11:25

    Kazakh ministry proposes oil product export regulation

    Kazakhstan's  Energy  and  Mineral Resources Ministry has proposed a set of measures to regulate the export of refined oil products, the head of the ministry, Sauat Mynbayev, said according to Interfax.

    "As  far  as  control over exports is concerned, we need some time, say 3-4  days,  to  analyze  the issue. We may have to develop an action plan aimed at regulation of oil products exports especially in the light of the new  crude oil export duties," he said during a Monday conference call in the government in Astana.

    "We can expect efforts to re-export refined product," he said.

    Prime  Minister  Karim Masimov has given a week for the issue to be examined.  "The trend is not good. World prices [on refined product] are rising,  and  it's impossible to explain that to the public. I think the players  are  working  to  drive  up prices, this trend must be halted," Masimov said.

    Refined  product  exports in the first quarter were 50% higher than in the same  period  a  year  earlier. "We looked at the countries where those gasoline  exports  are going. The exports in January-March totaled 42,000 tonnes,  of  which  36,000 tonnes to CIS states, including 24,000 tonnes to Kyrgyzstan," Mynbayev said.

    "Evidently  there is an element of re-export here, and the measures undertaken must deal with this aspect," he said.

    Refining volumes at the nation's three refineries in the first four months of  the  year increased 5.4% year-on-year to 4.31 million tonnes. Oil and condensate production rose 6.3% to 23.568 million tonnes.

    It  was  reported earlier that Kazakhstan will enact an export duty on crude  oil  effective  May  17.  The  export  duty  is contained in a government  resolution  of April 8, which amends a resolution of October 15, 2005.

    The  export  duty  has been set at $109.91 per tonne and $27.43 per tonne for exporters who pay the rent tax on exportation of crude oil and gas condensate.  The export duty on heavy distillates (liquid fuel), oil coke and bitumen has been set at $82.2 per tonne.

    The  duty will not apply to resource users producing under resource use licenses that exempt them from payment of export duties.

2021 January 24

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2021 January 23

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2021 January 22

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16:05 APM Terminals Gothenburg offers certified climate impact calculations to customers
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09:12 Baltic Dry Index as of January 21

2021 January 21

18:07 Port of Houston awarded new start for Ship Channel
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16:42 Throughput of port Vysotsk in 2020 fell by 4% Y-o-Y
16:32 Jan De Nul Group is the first dredging company to carry out 100% sustainable beach replenishments in Belgium
16:23 Yaskawa Environmental Energy develops a permanent magnet propulsion system for superyachts
16:09 MABUX Bunker Weekly Outlook, as of Jan 21, 2021
16:00 Throughput of port Primorsk in 2020 fell by 19% Y-o-Y
15:36 Bunker market see mixed price movements in the Far East ports of Russia (graph)
15:13 Battle stations for boat-handling systems
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14:43 MasterCraft Boat Company launches digital boat show experience to connect with consumers amidst dynamic boat show season
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12:36 UECC opening doors to a sustainable future
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