Kazakhstan plans to consider a possibility of waiving the ban to export light oil products. According to the Minister of Energy, domestic refineries will fully meet the local demand next year. The abrogation of an agreement on the ban to export products with Russian Federation can also be discussed. As the department noted, Kazakhstan can consider Central Asia and Afghanistan as a potential market. This is beneficial both economically and logistically. Moreover, there will be no competition with Russian oil products.

KANAT BOZUMBAYEV, KAZAKH MINISTER OF ENERGY:

- If two plants will be functioning in November, we will initiate the cancellation of this agreement from January 2018. Because it will be our gasoline, our diesel fuel and they will be in excess of 1.5-2 million for each type of fuel. Thus, we will close the domestic market and open up some part of exports so the plants can work and receive high returns via export in order to return loans taken for this expensive upgrade.

By the end of this year, modernization projects of the Atyrau oil refinery and Pavlodar petrochemical plants will be completed. Next year the major equipment and production upgrade of the Shymkent plant will be completed. They are already producing gasoline Euro-4 and Euro-5. The next stage is deep oil processing.

TALGAT MAKUOV, DEPUTY DIRECTOR, MODERNIZATION DEPARTMENT OF OIL REFINERY:

- By the end of the project, we can claim that the technological scheme of the plant as well as the manufactured products will meet the European and world standards. 60% of the second stage has been completed.

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