In 2014 Kazakhstan plans to import over 1 million tons of petrol
This year Kazakhstan plans to import a little bit over 1 million ton of petrol, Kazakhstan Minister of Oil and Gas Uzakbay Karabalin said yesterday.
He said that this year local petrol production will total 2,885,000 tons and its consumption will total 4,168,000 tons. “The consumption will exceed the current volume of production like last year. Situation is the same with diesel fuel – its consumption will total 4,946,000 tons, while production – 4,194,000 tons and we will have to import 600,000-650,000 tons. We import fuel mainly from Russia,” Kazakhstan Minister added.
He assured that “we will hold the prices in quarter 1, 2014.” “Our plants will work at full force and they will manufacture the volume of oil products, which will be fully at the local markets. It is banned to import the products outside of Kazakhstan,” Novosti-Kazakhstan news agency quoted Karabalin as saying.—0--
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Leave a review