Deal on sale of stakes of Pavlodar oil refinery must be inked by July 1

Oil&Gas Materials 2 June 2009 12:47 (UTC +04:00)

Kazakhstan, Astana, June 2 / Trend , K.Konirova/

A deal on sale of stakes of the Pavlodar Oil Refineru must be signed by July 1, a senior official of KazMunayGaz told Trend correspondent in Astana. As to the size of the purchases share, the source said: "We have been instructed to purchase 100 percent of stakes." He did not divulge the amount of the deal.

The petrochemical plant is located in Pavlodar (northern Kazakhstan). The oil refinery was built in the Soviet period and was technologically instructed to refine oil from the western Siberia field. The capacity is 7 million tons of oil per year. The volume of refinery was 4.2 million tons in 2008.

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