Kazakhstan plans to supply up to 1.5 million tons of oil per year for tolling operations
Azerbaijan, Baku, June 5 / Trend E. Kosolapova/
Kazakhstan plans to supply up to 1.5 million tons of crude oil per year for tolling operations, Novosti-Kazakhstan reported referring to head of the Kazakh Oil and Gas Ministry's department on oil processing and oil production monitoring Alisher Argimbayev.
According to Argimbayev, the Kazakh Oil and Gas Ministry plans to get about 960,000 tons of AI-92 gasoline per year from Kazakh oil processed abroad.
"Thus, we plan to process roughly 1.5 million tones of oil," Argimbayev said.
According to Oil and Gas Ministry representative, Kazakhstan plans to process its oil in China's Dushanzi refinery, located near the Kazakh border and oriented on processing of Kazakh oil.
"We know that they have free processing capacities and the plant processes about 12 million tons," he said.
However, these supplies will be possible after the corresponding laws are approved.
Majilis (lower chamber) of the Kazakh Parliament has already adopted the legislative amendments required to conduct such operations. Currently the amendments are considered by the Senate (upper house).
The amended law, in particular, will lighten the tax burden and the oil processed abroad will be taxed on the same terms as the oil processed in Kazakhstan.
According to Argimbayev, the bill should reduce dependence of Kazakhstan's internal market on Russian fuel supplies.
Kazakhstan has three large oil refineries. These refineries do not cope with the needs of Kazakh domestic market. The country is trying to partially offset its demand for fuels and lubricants due to their import, which is realized mainly from Russia.