Russia - Russia decided on Thursday to halt premium petrol exports and switch the flow to the home market to fight shortages and a price rise that is coinciding with growing voter discontent. Government official said the ban would apply for the month of May alone and only cover high octane petrol (gasoline) sold at the highest prices. This is an reaction on the current gasoline shortage that already prevails for several days in a number of Russian region. Since last weekend there is a risk that gas stations in more than 20 regions of Russia do not have enough fuel to sell to their customers. The reason for the supply problems is, according to Russian media that the government has urged oil companies in February to lower their prices for petrol and diesel on the Russian market. However, this made it more profitable for oil companies to export the fuel instead of selling it to independent stations in Russia.
Kazakhstan - Kazakhstan extended the ban on exports of some petroleum products till July 1, 2011, the Prime Minister of Kazakhstan Karim Masimov said on Friday. The ban on exports of light oil products was introduced by the Government of Kazakhstan in order to provide fuel for consumers in the domestic market in May 2010. Kazakhstan has three refineries and about 30 mini-refineries. There is a monthly average of 240-250 thousand tons of gasoline, 340-350 thousand tons of diesel oil and 40-45 thousand tonnes of jet fuel.
China-Turkmenistan - China agreed Tuesday to lend Turkmenistan $4.1 billion in return for future supplies of gas. The money would be used "to develop the country's biggest gas field, Southern Yolotan-Osman, and to increase the export potential of Turkmengaz," added a company official, Achir Aliev. The gas field, located in the east of the former Soviet republic believed to hold the world's fourth-largest reserves of natural gas, contains some 21,000 billion cubic meters of the commodity. Turkmengaz, the China Development Bank and PetroChina have also signed a deal to "guarantee deliveries of Turkmen gas to China", Aliev said.
China-Tajikistan - A Chinese company will build a 270-megawatt combined heat and power (CHP) plant in the Tajik capital Dushanbe. The company, Tebian Electronic Apparatus Stock Company Limited (TBEA), will build the $200 million plant in the Luchob area of the capital. The first two lines of the plant will begin operations in 2013.
Articles referred to in this post:
"Нефтяникам разрешили поднять цены на бензин в обмен на запрет экспорта" (Russia allows oil companies to raise gasoline prices in exchange for a ban on exports)
"Россия прекратит экспорт бензина ради внутреннего рынка" (Russia will stop exporting gasoline for the sake of domestic market)
"Казахстан продлил запрет на экспорт ряда нефтепродуктов" (Kazakhstan extended the ban on exports of some petroleum products)
"Газ в обмен на деньги. Китай дает Туркмении $4 млрд долларов в счет будущих поставок" (Gas in exchange for money. China gives Turkmenistan $4 billion gas credit)
"Китай построит ТЭЦ в Таджикистане" (China to build power station in Tajikistan)
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