Kazakh Parliament ratifies amendments to agreement on Russian petroleum products

Kazakh Parliament ratifies amendments to agreement on Russian petroleum products

The Kazakh Parliament has ratified amendments to the agreement with Russia regarding the supply of oil and petroleum products. The amendments envisage the cancellation of the temporary periodic declaration for those types of goods exported from the neighboring country to Kazakhstan. According to Senate member Bauyrzhan Kaniyev, Kazakhstan imports gasoline, aviation and diesel fuel, as well as some types of Russian oil products within certain quotas. He noted that the use of that form of declaration, on the one hand, led to the emergence of a monopoly exporter that retained the entire volume of the allocated quota in the neighboring country. On the other hand, it contributed to limiting the choice of suppliers for domestic entrepreneurs. According to MPs, the law approved by the Senate could allow Kazakh business people to freely purchase Russian oil products while taking into account their interests in terms of pricing, payment, conditions and delivery times for those goods.

“The proposed law introduces amendments to the third article of the agreement regarding the cancellation of temporary periodic declaration for oil and oil products exported from Russia to Kazakhstan. These changes will not apply to oil products exported in two ways. Firstly, as reserves, since the declaration of reserves is carried out through customs declaration of vehicles. Secondly, as supplies by pipeline transport in 2022-2024, which is regulated by a bilateral agreement,” said Bauyrzhan Kaniyev, member of the Senate, the Upper House of Kazakh Parliament.