Kazakhstan to study construction of new refinery in first quarter of 2014
Astana, Kazakhstan, Jan.28
By Daniyar Mukhtarov - Trend:
Jointly with KazMunaiGas, the Oil and Gas Ministry of Kazakhstan will develop issues in the first quarter of 2014 relating to the construction of a new refinery in the country, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Jan.27 at an expanded meeting of the ministry's collegium dedicated to the results of 2013.
There will be development issues relating to the capacity of the new refinery, its location, resource base, investment volume and construction schedule, according to the minister.
"The process of modernisation of the three refineries to be completed in 2016, is to be able to address a number of issues including those related to the technical level, but the volumes of domestic demand could exceed the capacity of our operating plants," Karabalin said.
One of the specific issues of the project is the raw material base, according to the minister.
"In connection with the topicality of the task both for the operating refineries and the prospective ones, we propose to consider the following attitude such as providing new rights for subsoil use under the conditions of priority supplies of raw material to the domestic market. In addition, we propose to consider the possibility of supply to the domestic market for existing oil producers while minimising losses," Karabalin said.
This means Kazakhstan will be able to develop a resource base not only for oil processing, but also for petro chemistry and gas chemistry.
Translated by L.Z.
Edited by S.M.