Kazakhstan may begin supplying gasoline to the CIS countries at the end of March, Kazakh Energy Minister Kanat Bozumbayev said at a plenary session of the Senate on Thursday, Interfax reported.
"We have this year from 500 to 650 thousand tons of gasoline will have a surplus. This surplus is already felt since the first months of this year, and therefore we have somewhat reduced the processing volumes at our refineries in January and February of this year," the minister said.
In 2018, the Minister of Energy announced the intention of Kazakhstan to begin exporting gasoline to prevent market glut after upgrading three refineries of the country.
In October, Kazakhstan and Russia signed a protocol on amendments to the agreement on interaction in the fuel and energy complex. The amendments concerned the lifting of the embargo on the supply of Kazakh gasoline to the CIS countries.
In Kazakhstan with a population of over 18.3 million people, there are three large refineries - Atyrau, Pavlodar and Shymkent. Atyrau and Pavlodar plants were built in 1945 and 1978, respectively, controlled by KazMunaiGas. The Shymkent refinery was built in 1985, KazMunayGaz and CNPC each hold a 50% stake in the plant.