Central Asia's "Belt and Road" cooperation between China and Kazakhstan: CNPC holds a dominant position in Kazakhstan's petroleum product market
Kazakhstan International News Agency - According to the Agency for Competition Protection and Development, the agency has completed an analysis of the competitive situation in the wholesale market for gasoline, diesel, and aviation fuel in Kazakhstan between 2022 and 2024.
The results show that there are nearly 100 companies operating in the national light petroleum product market, but only two groups truly hold a dominant position:
The Kazakhstani National Oil and Gas Company (KazMunayGas) Group, which includes KazMunayGas-Aero, Attyrau Refinery, and PetroKazakhstan Oil Products;
The China National Petroleum Corporation (CNPC) Group, which includes China National Petroleum International (Kazakhstan) Co., Ltd., PETROSUN, and KC Energy Group.
During the period from 2022 to 2024, the two groups' refineries produced approximately 9.5 million tons of light petroleum products, accounting for 96% of domestic consumption.
Market share distribution
According to the analysis by the Agency for Competition Protection and Development, the combined market share of KazMunayGas and CNPC exceeds 85%, giving them the ability to have a substantial impact on retail prices and supply chains.
Specific shares are as follows:
Diesel market
Winter diesel: CNPC 60%, KazMunayGas 33%
Summer and transitional season diesel: CNPC 46%, KazMunayGas 33%
Gasoline market (AI-92 and AI-95)
CNPC 54%, KazMunayGas 34%
Aviation fuel market
CNPC 53%, KazMunayGas 32.4%
Regulatory requirements
According to relevant regulations, enterprises identified as major producers in the market must provide equal capacity access rights to other market participants. This mechanism will be implemented according to specific principles.
Original article: www.toutiao.com/article/1841400671092937/
Statement: This article represents the views of the author himself.