Kazakhstan unable to supply oil resources to SOCAR refinery in Kyrgyzstan

Oil&Gas Materials 21 September 2012 12:22 (UTC +04:00)

Kazakhstan, Astana, Sept.21/ Trend, D. Mukhtarov/

Kazakhstan has no oil resources available to supply the State Oil Company of Azerbaijan (SOCAR) oil refinery in Kyrgyzstan, first deputy chairman of JSC NC KazMunaiGas managing board for corporate development Daniyar Berlibayev said in an interview with Trend.

"Kazakhstan has no oil resources available to supply the supposed oil refinery in Kyrgyzstan. Firstly, the country sees a rise in domestic consumption. Secondly, the produced oil is transported via the Caspian Pipeline Consortium (CPC), Atyrau-Samara oil pipeline to China," Berlibayev said.

In his view, the future oil refinery in Kyrgyzstan will have a small processing capacity as the country has no need for a large oil refinery.

An agreement to consider the construction of an SOCAR oil refinery in Kyrgyzstan has been reached by the relevant parties on Jan.19 at a meeting of the Kyrgyz President Almazbek Atambayev and SOCAR President Rovnag Abdullayev.

The minimum cost of the oil refinery according to preliminary data, would be $100 million.