Kazakh-Chinese JV exports 10,000 of bitumen to Uzbekistan

Oil&Gas Materials 3 December 2019 15:32 (UTC +04:00)

BAKU, Azerbaijan, Dec. 3

By Nargiz Sadikhova – Trend:

CASPI BITUM Kazakh-Chinese joint venture, 50 percent of which is owned by Kazakhstan’s KazMunayGas National Company, exported 10,000 tons of bitumen to Uzbekistan, Trend reports with reference to the press office of KazMunayGas.

First export of 650 tons of road bitumen to Uzbekistan was implemented in 2017. Currently following meeting the demand on the local market, the bitumen export is implemented on an ongoing basis.

Previously the plant would stop export in winter but now due to the high demand for bitumen it works all year round, which taking into account the high added cost of the bitumen significantly increases the plant’s income.

KazMunayGas (KMG) is the Kazakh operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.

Established In October 2009, the Kazakh-Chinese CASPI BITUM joint venture is the only oil refinery in Kazakhstan, which aims at manufacturing of high quality bitumen.


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