Kazakh PM chairs meeting of Commission for Demonopolization of Economy

Prime Minister Alikhan Smailov held a regular meeting of the Commission on Demonopolization of the Economy. It considered the proposals of the Agency for the Protection and Development of Competition to reform key commodity markets, El.kz reports with reference to the official resource of the Head of the Cabinet of Ministers.

To increase the number of participants and generally improve the situation on the oil and oil products market, the meeting proposed to provide for the possibility of purchasing refinery oil directly from subsoil users, introduce exchange trading in oil, and increase the volume of trading in petroleum products.

In terms of reforming the market of commercial gas, issues of introducing exchange trading and adopting rules for access to commercial gas for subsoil users were considered, which will provide supply organizations with direct and competitive access to gas.

Alikhan Smailov instructed the Ministry of Energy and interested state bodies to further analyze these approaches, taking into account the impact on the country's economy.

The meeting also considered measures to demonopolize the markets for civil aviation services, public transport and the financial market.

The Head of Government supported proposals to increase the share of exchange trades in aviation fuel from 10 to 20 percent, increase the validity period at Open Skies airports from three to five years, introduce a system for transferring customer current accounts between banks within the country and standards for open banking programming interfaces (Open Banking and Open API).

In addition, the meeting discussed proposals for the demonopolization of electricity markets, railway freight and passenger transportation.

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