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Article: Kazaks Make Heavy Weather On Home Front.(Brief Article)(Statistical Data Included)
- Article from:
- NEFTE Compass
- Article date:
- May 24, 2001
- Author:
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The sharp expansion of Kazakstan's crude export capacity sparked by the startup later this year of the Caspian Pipeline Consortium pipeline could be the final nail in the coffin of the republic's oil products market. Kazakstan is on course to become alarmingly dependent on imports from neighboring Russia and Turkmenistan.
A lack of export restrictions and a hostile business environment for domestic refiners have already led to a cutback in the amount of crude available for domestic processing. At the same time, significant volumes of gasoline and gas oil are being smuggled into the country.
Last year only 6.3 million metric tons of crude, or 17.7% of ...