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Government to create effective raw oil market
18:13 13.02.2007
text: "Kazakhstan Today" views: [69] Related articlesPrices for consumer goods expected to increase Inflation in Kazakhstan should not exceed 10 % - Ministry of Economics Kazakhstan Government to struggle against inflation – Vice Premier Inflation in Kazakhstan in annual expression not to exceed 10 % - Masimov Astana. February 13. Kazakhstan Today - The government is to accept a complex of measures for creation of the effective raw oil market. The Kazakh Vice Prime Minister of Economics and Budgetary Planning of the Republic Aslan Musin said today during the government session, the agency reports.
"It is necessary to accept a complex of measures for creation of the transparent and effective raw oil market including introduction of compulsory exchange trade," A. Musin said.
"The growth of prices for the so-called economically and socially significant raw oil we used to explain by world conjuncture, not analyzing the influence on the budgetary subsidizing growth the volumes of which increase year by year," Vice-Prime Minister, noted.
"The state subsidizing of the cost of raw oil is one of the stimulus for oil refinery enterprises to increase prices of processed production," A. Musin emphasized.
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