BAKU, Azerbaijan, Apr. 29
By Nargiz Sadikhova - Trend:
Refining volumes of Kazakhstan’s refineries slightly increased in 1Q2020 and amounted to 3.3 million tons, Trend reports with reference to Kazakhstan’s KazMunayGas National Company (KMG).
The company’s report said that the global pandemic did not significantly affect KMG's refining sector in 1Q2020.
“However, quarantine measures in Kazakhstan’s major cities have resulted in a decrease in energy consumption, and has had an adverse effect on the refineries’ operations. Refineries continue to operate; however, to avoid oversupply, both Pavlodar and Shymkent refineries are operating at minimal balanced capacity. Starting from mid-March, Kazakhstani refineries’ production has been reduced by around 13 percent,” the report said.
Decrease in Romanian refining volumes of KMG by 17.7 percent was partially offset by an increase at Kazakh refineries, reflecting slight downtrend in overall refining volumes to 4.6 million tons.
Thus, refining volumes of Kazakh refineries (net to KMG) slightly increased and amounted to 3.3 million tons.
“The growth was at Atyrau refinery to balance production of oil products in the country due to declining volumes at Pavlodar and Shymkent refineries. A slight decrease at Pavlodar and Shymkent refineries was observed on the back of oil quality issues at CNPC AktobeMunaiGas in January and quarantine measures in Kazakhstan’s major cities, leading to lower oil products consumption,” the company said.
In turn, refining at KMG International refineries (Petromidia, Vega) in Romania decreased by 17.7 percent year-on- year to 1.3 million tons as a result of a production shutdown at Petromidia refinery related to scheduled overhaul from March 13 to April 30, 2020.
Production of oil products at Kazakh and Romanian refineries decreased by 8 percent year-on-year to 4.2 million tons in 1Q2020.
Thus, production of oil products at Kazakh refineries (net to KMG) decreased by 2.8 percent year-on- year to 2.9 million tons mainly due to refusal of the CNPC AktobeMunaiGas oil for quality issues in January and quarantine measures in Kazakhstan’s major cities.
Oil products production at KMG International refineries (Petromidia, Vega) in Romania decreased by 18.1 percent year-on-year to 1.2 million tons as a result of production shutdown at Petromidia refinery due to scheduled overhaul.
KazMunayGas National Company (KMG) is Kazakhstan's operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.
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