Kazakhstan may regulate the wholesale pricing of oil product. The government is presently drafting the relevant law, Deputy Chairman of the Agency for Natural Monopolies Regulation Anatoly Shkarupa has informed. He explained that retail prices are under the threat as any fluctuation in wholesale price can immediately result in retail distributors' bankruptcy. To remind, Kazakhstan imposed a limit retail prices for gasoline and diesel fuel (Al-80/90/93) in December 2009. The move came after a sharp increase in gasoline prices in Kazakhstan's south. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more