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.

Cambria Gold Mines — sponsored Sponsored · Cambria Gold Mines

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

Gold Could Fall Further. Here’s What I’m Buying | Rick Rule

Newmont Crushed Q3. So Why Did the Stock Fall?

Governments Bet on Critical Minerals While Investors Panic | John Passalacqua – First Phosphate

Recommended

First Majestic Hits 4.24 g/t Gold Over 48.8 Metres at Saval as Jerritt Canyon Restart Advances

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Related News

Russia Reportedly Planning To Swap Foreign Investors’ Frozen Assets With Their Own

Russia is considering a novel approach to resolving the issue of frozen assets held by...

Friday, August 25, 2023, 07:33:00 AM

Natural Gas Prices Soar After Gazprom Announces Another ‘Routine Maintenance’ Shutdown

A major Russian pipeline shipping natural gas to Europe is expected to go offline for...

Monday, August 22, 2022, 02:05:00 PM

“Either Russian Or No-one’s”: Kremlin General Threatened Shelling Europe’s Largest Nuclear Facility; UN Chief Warns Attacks On Nuclear Plants Are “Suicidal”

Over the weekend, Ukraine’s state nuclear power generator Energoatom reported rockets were fired at the...

Tuesday, August 9, 2022, 04:38:00 PM

Drone Attacks Force Russia to Import Five Times More Gasoline from Belarus

Russia has dramatically increased its imports of gasoline from Belarus in March, according to industry...

Thursday, March 28, 2024, 12:49:00 PM

Peter Schiff, Who’s Proud to Claim America Was Founded By ‘Rugged Individuals,’ Is A Little Too Concerned About Zelenskyy’s T-Shirt

Economist Peter Schiff tweeted an interesting reaction to Ukrainian President Volodymyr Zelenskyy’s appeal to US...

Wednesday, March 16, 2022, 03:42:00 PM