Kazakhstan Consider Acquisition of Oil Fields in Russia
Kazakhstan, Astana / Trend corr К. Кonirova / KasMunayGas company studies acquisition of oil fields in Russia, a source from the national company reported to Trend agency.
The issue concerning acquisition of the oil fields in Russia has already considered due to purchase of shares of the Pavlodar Petrochemical plant, which is processing the Russian oil. Over 50 % of oil delivered to Kazakhstan from Russia.
There are three Oil Refining plants in the country. The two are Atirausk Oil Refining plant on the west of the country and Shimkentski Oil Refining plant on the south, and the third Pavlodar Oil Refining plant, which is processing of the Siberian oil.
Today, KazMunayGas has only 3% of shares in the country; therefore, the company had little influence on rise of mineral oil costs in the country.
The Kazakhstan Energy and Mineral Resource Ministry reported that there were three main companies, which define prices in the internal market of mineral oil, KazMunayGas, Gelios and PetroKazakhstan. These three companies are owners of the three Oil Refining plants. KazMunayGas is owner of the Atirausk Oil Refining plant, PetroKazakhstan - Shimkent Oil Refining plant. Gelios is a trade daughter of the Mangistaumunaygas company.
According to the Ministry, currently Gelios is considered an initiator of rise of prices of mineral oil. The reason that the Pavlodar Petrochemical plant initially oriented on processing of the Russian oil. Today, the plant has to purchase raw materials on the Russian market prices.
A source noted that acquisition of oil fields in the west will be more appropriate.