Russia Asks Kazakhstan to Prepare 100,000 Tons of Gasoline Amid Refinery Woes

Moscow has requested that Kazakhstan stand ready to provide up to 100,000 tons of gasoline to Russia in the event of shortages, according to a Reuters report which cited industry sources. The sources say a deal has already been reached for Russia to access Kazakhstan’s reserves.

The reported request comes as drone attacks have put around 14% of Russia’s primary oil refining capacity offline as of late March. This has forced Russian oil companies to start importing fuel, a reversal of the country’s typical position as a net exporter.

Russia has already reached a similar agreement with neighboring Belarus to help shore up its gasoline supply. However, a spokesperson for Kazakhstan’s energy ministry stated they have not received such a request from their Russian counterpart.

The Kremlin has imposed a six-month export ban on gasoline, though this does not apply to countries in the Eurasian Economic Union, including Kazakhstan. Traders warn the ban could be expanded if the situation in Russia deteriorates further.

The disruptions come as Kazakhstan has also restricted its own fuel exports until the end of the year, apart from for humanitarian purposes. The country holds significant reserves of gasoline, diesel and jet fuel, which Russia may now look to access.


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Phosphate: Building a North American Battery Supply Chain from the Ground Up

Why This War Made the Gold Case Stronger | Michael Gentile

Wall Street Bought the Ceasefire. Now Oil’s Back Over $100 | Todd Bubba Horwitz

Recommended

Total Metals Secures High Grade Critical Minerals Property In Northwestern Ontario

Discovery at Luis Hill Prompts Acceleration of Phase 2 Program for Questcorp

Related News

Maxar Technologies: Russian Military Convoy Near Kyiv Stretches for 40 MILES

New satellite images show a Russian military convoy near Kyiv stretching for 40 miles, substantially...

Monday, February 28, 2022, 08:40:34 PM

Trump Threatens Russia With 100% Tariffs Unless Ukraine Peace Deal Reached in 50 Days

President Donald Trump has tied an economic deadline to the battlefield, warning that Russia will...

Tuesday, July 15, 2025, 12:50:00 PM

Russians Ditch Ruble for Stablecoins as Sanctions Cripple Russia’s Currency

Russian citizens have been increasingly flocking to stablecoins in lieu of the ruble, as tough...

Monday, February 28, 2022, 05:10:00 PM

Russian Cargo Airline to Refurbish Old Planes Amid International Sanctions

Russia’s AirBridgeCargo, which was hit with international sanctions last year after Russia began its invasion...

Monday, April 3, 2023, 10:49:52 AM

Ukraine Halts Grain Product Exports in Effort to Avert Humanitarian Crisis

Brace yourselves, global food prices are about to get a lot higher. Ukraine on Wednesday...

Thursday, March 10, 2022, 11:49:00 AM