Kazakhstan freezes construction of large oil refineries abroad
Kazakhstan, Astana, Dec.18 / Trend , K.Konirova/ Kazakhstan froze construction of oil refineries in the Turkish port of Ceyhan and the Georgian port of Batumi," KazMunayGaz President Kairgeldy Kabyldin said at a news conference on Dec.18.
"Today, due to the global financial crisis,
the company will set priorities of where to invest its funds," said Kabyldin,
adding that one of the priorities of KazMunayGaz today is to increase the capacity
of three operating refineries in Kazakhstan.
Earlier the power of a new refinery in Ceyhan was reported to make up 15mln tons. The project cost was estimated at $5bln. Participants in the project were KazMunayGaz, India's Oil India, Turkish Calik Enerji and Italian Eni.
Construction of an oil refinery in Ceyhan was scheduled for completion in 2012. It was designed to produce a wide range of oil products - all kinds of high-octane gasoline, fuel oil, diesel, aviation kerosene and petrochemical products.
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