Page 12 - FSUOGM Week 50 2022

FSUOGM NEWS IN BRIEF FSUOGM

Kazakhstan reportedly ready to motor gasoline and diesel fuel was 5.6%. them over to the Ministry of Defence "in
connection with military necessity".
As reported, in 2021, fuel consumers
send crude oil to Germany in Azerbaijan purchased motor gasoline
and diesel fuel for a total of AZN2.49bn
Kazakhstan has expressed a willingness (~$1.47bn). At present, the retail price of Uzbekistan refineries ramp up
to send crude oil to Germany, with Berlin Premium Euro-95 gasoline in the domestic
looking for ways to replace oil supplies from market of Azerbaijan is AZN2 per litre, AI-80 gasoline production as
Russia, Bloomberg has reported. "Super Euro-98" is AZN2.3/l, AI-92 is
Foreign Minister Mukhtar Tileuberdi AZN1/l, and diesel fuel is AZN0.8/l. supply lags demand
said on December 13 that the ex-Soviet state
was considering sending 2mn-5mn tonnes Uzbekneftegaz noted a significant
a year by pipeline, but no deal for such Notorious Ukrainian oligarch increase in demand for gasoline after
supplies has been reached yet. the introduction of restrictions on the
Oil supplies from Kazakhstan could Kolomoisky is major beneficiary operation of methane gas stations, Spot has
help to feed East Germany’s PCK Schwedt, reported.
among other refineries that have historically of JKX Oil & Gas Officials say Uzbekistan's oil refineries
relied on Russian crude deliveries made via are increasing AI-80 fuel production in
the Druzhba pipeline. Ukrainian oligarch Ihor Kolomoisky response to that clear increase in demand
has been revealed to be a major private for gasoline. In particular, SANEG
beneficiary of JKX Oil & Gas, Interfax- has announced an increase in gasoline
Uzbekistan reportedly strikes Ukraine reported. production at Ferghana refinery from 850
tonnes to 1,000 tonnes per day (+17.6%).
The British-registered company delisted
deal with Turkmenistan to boost from the London Stock Exchange (LSE) produce 50 tonnes of liquefied petroleum
In addition, the company's plant will
in November 2021 and registered as a
winter gas imports private company in February 2022 after gas (LPG) daily instead of 30 tonnes. To
buying back 23.3% of its shares. A major
monitor the implementation of the plan,
Uzbekistan has reportedly signed an import private beneficiary was mentioned in June; an operational headquarters has been
deal with Turkmenistan for an additional however, the company could not specify organised from the management of the
1.5bn cubic metres (bcm) of natural gas to that it was the notorious oligarch. enterprise and production workshops.
help the Uzbeks overcome gas shortages Kolomoisky, one of Ukraine’s wealthiest Bukhara refinery, on behalf of the
they are facing during the winter season. men, was stripped of his Ukrainian management of Uzbekneftegaz, has
Reuters reported the deal on citizenship over the summer, following also raised its daily volume of gasoline
December 13, citing a source in the Uzbek money-laundering accusations by the production. Last year it averaged 2,200
government. US. Despite his close relationship with tonnes/day, but it will now increase that
Uzbekistan, which generates over 52bcm Ukrainian President Volodymyr Zelenskiy, volume to 2,800 tonnes (+27.3%).
of its own natural gas per year, imports it was speculated that Kyiv’s decision was to To make the target feasible, the refinery
approximately 15mn cubic metres (mcm) prove to Western allies that anti-corruption has increased the supply of imported raw
of gas daily. The Turkmen are to send an measures were being taken seriously. materials by 30%. Its gasoline production
additional 20mcm per day, the source was JKX Oil & Gas lists the oligarch as an plants are operating at 115% of design
cited as saying. Israeli citizen with the status of a person capacity.
The news agency report said the with significant control. Eclairs Group, On December 10, Bukhara refinery put
deal was signed on December 12 in controlled by Kolomoisky and his associate up 2,750 tonnes of gasoline for trading. In
Ashgabat by Turkmen President Serdar the oligarch Hennadiy Boholiubo, is the parallel, the wholesale price of fuel fell to
Berdimuhamedov and Uzbek presidential largest shareholder with 27.4% of the shares. UZS 7.24mn per tonne, or UZS 5,651 per
administration head Sardar Umurzakov. The company explores and produces litre.
Uzbek authorities said last week that hydrocarbons across the former Eastern The head of the presidential
Uzbekistan has halted gas exports to China Bloc, primarily active in Ukraine and administration, Sardor Umurzakov, lately
due to the domestic energy shortages. Russia. It owns the Poltava Petroleum issued an instruction for the cancellation
Company, one of Ukraine's largest private of the excise tax on the import and sale
oil and gas companies. of AI-80 gasoline by February. According
Azerbaijan consumers spent presidential campaign, has had several to Deputy Energy Minister Sherzod
Kolomoisky, who funded Zelenskiy’s
Khodzhayev, thanks to this, gasoline at the
about $1.48bn on petrol and assets taken from him. He lost PrivatBank country's fuel stations was expected to fall
in price to UZS 5,500 per litre.
back in 2016 after it was seized by the
diesel in first 11 months government following near bankruptcy. prevent speculation on gasoline prices and
The government is also working to
Kolomoisky and his business partner,
In January-November, fuel consumers in Hennadiy Boholyubov, were then accused related inflation. Uzneftegazinspektsiya,
Azerbaijan purchased motor gasoline and of "large-scale and co-ordinated fraud" under the Ministry of Energy, set out the
diesel fuel for a total amount of AZN2.52bn relating to $5.5bn missing from the bank’s facts of unjustified price increases and sales
(~$1.48bn), the State Committee for accounts. of low-quality fuel at 299 fuel stations.
Statistics said. Kolomoisky and Boholyubov own Uzbekistan in recent days has been
According to the agency, compared to around 60% of the shares in Ukrtatnafta, suffering from both gas and electricity
January-November 2021, revenue from the one of the country's largest producers of oil outages. Fuel stations offering gas-based
sale of gasoline and diesel fuel to consumers products, whilst Kolomoisky’s companies fuels for cars were, across the country,
increased by 8.4% y/y. In the total volume of own 42% of the Ukrnafta oil company. forced to either suspend or limit sales, with
retail trade turnover in Azerbaijan during However, the government seized the most of such products being directed to
the reporting period, income from sales of two companies last month and handed satisfy households' needs.

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