Kazakhstan Proposes Ending Manual Oil Allocation to Refineries
Summary
The Agency for Protection and Development of Competition aims to abandon subsidized crude prices for domestic refineries.
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Kazakhstan is considering ending the practice of manual crude oil allocation to domestic oil refineries. The proposal was put forward by the Agency for Protection and Development of Competition (AZRK).
The regulator also plans to eliminate subsidized, below-market oil prices currently provided to Kazakhstan's refineries. The initiative is aimed at shifting the domestic fuel and refining sector toward transparent market-based pricing mechanisms.
Source: inbusiness.kz
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