The current oil products pricing system is the fundamental reason for the awkward state that both the consumer and the producer are dissatisfied.

Kazakhstan will also benefit from its partnership with CNPC, through improvements in oil and gas exploitation technology and supply to the local market.

The price of crude oil is a big reason pump prices are in record high territory.

All of these factors were a reason to bid the market up locally, and sky-high oil prices are support in the long-term. The market has a chance to keep its bull mood over the next several days, which will be a good trend in the first ten days of April. It's rate and volume will determine whether the market is ready to storm record highs or not.

Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.

We strongly believe there is no reason for sanctions but in any case we will not cut our oil exports.