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KazMunaiGas intends to increase number of stations under its brand to 348 by 2015

Oil&Gas Materials 3 September 2012 09:52
The number of stations under the brand KazMunaiGas will be increased to 348 by 2015 from 279 in 2010, chairman of the Board of JSC NC KazMunaiGas Lazzat Kiinov.
KazMunaiGas intends to increase number of stations under its brand to 348 by 2015

Kazakhstan, Astana, Sept 3 /Trend D.Mukhtarov/

The number of stations under the brand KazMunaiGas will be increased to 348 by 2015 from 279 in 2010, chairman of the Board of JSC NC KazMunaiGas Lazzat Kiinov.

"In the future we intend to implement a long-term program of development of the retail network. Number of filling stations under the brand of KazMunaiGas will be increased to 348 by 2015 from 279 in 2010," Kiinov said.

He noted that the share of the national company in the retail market of oil products in Kazakhstan is expected to reach at least 19 percent in 2015 and thereafter - 32 percent.

He recalled that KazMunaiGas, which controls the Atyrau and Pavlodar oil refineries and has a 50 percent stake in the Shymkent refinery, is implementing an extensive program of modernization of the plants. The cost of each of them exceeded $1 billion.

As a result of the reconstruction and modernization balanced refining capacity of Kazakhstan will reach 19 million tons per year by 2016, with the share of KazMunaiGas amounting to 15.25 million tons.

Depth of oil refining in the country will increase to 87-90 percent, and production will meet the Euro 4 and 5. Oil of Kazakh and Russian oil companies will be delivered for the operation of the refineries including direct delivery and SWAP scheme with the operators of Russia.

"In addition, the production of petrochemical products: benzene and paraxylene will begin. The necessary support in the preparation and implementation of projects for the development and will be provided operation of petrochemical plants in order to begin production in 2015, polypropylene and polyethylene to 2017," Kiinov concluded.

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