Bloomberg News

Kazakhstan Extends Export Ban on Light Oil Products to Year End

August 16, 2012

Kazakhstan, the largest oil producer in the former Soviet Union after Russia, extended its ban on exports of light oil products to the end of the year to curb rising domestic fuel prices.

The government extended a ban due to expire July 1, according to a decree published in the official Kazakhstanskaya Pravda newspaper today and dated June 29. The measure was put in place to prevent “a critical shortage and rise in prices on the domestic oil-products market,” according to the government order.

To contact the reporter on this story: Svetlana Antoncheva in Astana, Kazakhstan at santoncheva1@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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