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Russia looks for gasoline from Kazakhstan in case of lacks, sources say

Russia has actually asked Kazakhstan to stand all set to provide it with 100,000 tons of gas in case of lacks exacerbated by Ukrainian drone attacks and failures, three market sources informed .

Among the sources stated a deal on utilizing reserves for Russia has currently been concurred.

Russian and Kazakhstan's energy ministries did not right away respond to requests for remarks.

Neighbouring Belarus has actually currently consented to help Russia with gas supply.

Drone attacks had actually knocked out some 14% of Russian primary oil refining capability as of end-March. Up until now authorities have said the situation on domestic fuel markets is stable and stockpiles big enough.

Russia is generally a net exporter of fuel and a provider to worldwide markets however the refinery disruptions have required its oil business to import.

The sources said Moscow asked Kazakhstan to set up an emergency situation reserve of 100,000 metric lots of fuel all set to supply to Russia.

Moscow enforced a gas export restriction for 6 months from March 1 to prevent acute fuel shortages, although it does not use to the Moscow-led Eurasian economic union, including Kazakhstan, as well as some countries, such as Mongolia, with which it has inter-government deals on fuel products.

However, traders stated the restriction might be widened if the situation in Russia worsens.

Last week, the Orsk oil refinery in the Urals halted production due to extensive floods, which likewise affected Kazakhstan.

Kazakhstan, the world's largest land-locked country, has also restricted fuel exports up until completion of the year, apart from for humanitarian functions.

According to the sources, Kazakhstan's reserves of Ai-92 fuel stood at 307,700 lots since April 5 and Ai-95 gas stockpiles at 58,000 heaps. Diesel reserves were 435,300 lots and jet fuel stocks amounted to 101,000 lots.

(source: Reuters)