Azernews.Az

Kazakhstan's Samruk-Kazyna National Welfare Fund Head Umirzak Shukeyev offered the Kazakh Agency on Regulation of Natural Monopolies an opportunity to withdraw activity of oil export and transit subjects from being regulated.

"The Samruk-Kazyna fund has 16 subsidiary companies and 34 per cent of our revenues depend on tariffs. Accordingly, we and other consultants tried to understand what is the main fundamental difference between our control and that adopted in the world at large," he said at a government meeting.

According to him, there are a lot of restrictions in Kazakhstan on the business activities of natural monopolies and use of profit.

"These goals need to be fundamentally resolved, as well as move to the international standard. We would like to withdraw such services as the international transport of crude oil for export from being regulated. This does not affect our population. We need to give ourselves the opportunity to negotiate," Shukeyev said.

Following the discussion, Kazakh Prime Minister Serik Akhmetov instructed authorized public bodies to clearly define the country's position in this matter.

"Our position at the Eurasian Economic Commission should be clearly marked and especially our experts are now actively working on this," he said.

Akhmetov instructed Deputy Prime Minister Kairat Kelimbetov together with Kazakh experts at the Eurasian Economic Commission to review and make a corresponding decision over the regulation of export positions of oil and gas.