Has Russia’s fuel crisis given Iranian oil an opening in Central Asia?
Summary
Central Asian countries like Tajikistan and Kyrgyzstan are buying more oil from Iran because Russian fuel supplies are running low. This shortage is mainly caused by Ukraine’s attacks on Russian oil refineries during the ongoing war.Key Facts
- Tajikistan is now receiving oil and petroleum products from Iran due to uncertain fuel supplies from Russia.
- Iran agreed to build a joint oil refinery and supply crude oil to Kyrgyzstan.
- Tajikistan gets about 80% of its petroleum from Russia, and Kyrgyzstan gets over 90% from Russia.
- Ukraine’s military strikes have damaged between a quarter and half of Russia’s oil refining capacity.
- Russia has imposed fuel rationing, limiting how much fuel people can buy per vehicle.
- Russia banned exports of petrol and jet fuel, and is considering banning diesel exports as well.
- Kazakhstan has local oil refineries but fuel prices have risen by over 15% this year.
- Uzbekistan produces enough petroleum for itself but is buying more from other countries due to higher regional demand.
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