No need to build fourth oil refinery in Kazakhstan - minister
Baku, Azerbaijan, Dec. 5
By Ali Mustafayev – Trend:
There is no need to build the fourth oil refinery plant in Kazakhstan, said the Energy Minister of Kazakhstan Kanat Bozumbayev.
"In my opinion, the fourth oil refinery is not needed. The modernization of three oil refining plants of KazMunaiGas is almost complete. The modernization of the Atyrau and Pavlodar plants should be completed by the end of this year and the Shymkent plant will be completely modernized in the beginning of 2018," said Bozumbayev on the sidelines of the first Kazakhstan Global Investment Roundtable, devoted to the issues of investment in the economy of Kazakhstan, Kazakh media reported.
According to the energy minister, Kazakhstan will be able to ensure 100 percent in the next 5-6 years to provide the economy with gasoline, diesel fuel and aviation kerosene.
"And in 2024-2025 we should double the capacity of the plants or we will have to build the fourth factory, because of the growing demand," he added.