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Kazakh Minister of Energy and Mineral Resources reported at Governmental Hour

ASTANA. February 23. KAZINFORM /Muratbek Makulbekov/ Kazakh Minister of Energy and Mineral Resources Sauat Mynbayev reported on the results of the Ministrys work in 2008 and plans for 2009 at the Governmental Hour in the Majilis (Lower House of the Kazakh Parliament), Kazinform reports. The Minister informed of the situation in oil production and refining sectors. Oil and gas condensate production amounted to 70.6 mln tons in 2008, increasing by 5% compared to 2007. 12.3 mln tons of crude was processed and supplied to the domestic market. Production of aviation kerosene and fuel oil increased as well. The Minister noted that it is necessary to regulate the order of oil products turnover at the domestic markets, reminding that the Ministry took administrative measures to prevent the growth of prices for fuel and lubricants at the period of their growth in 2008. "The main problem of fuel and lubricants pricing is that over a half of oil products is imported from Russia, and it defines the dependence of prices at the domestic market on foreign markets", the Minister said. The solution is own refining capacities and pipeline infrastructure. The Government will discuss the program of modernization of the domestic oil-refining capacities tomorrow, S.Mynbayev said


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