Refining volumes down in Kazakhstan due to COVID-19 quarantine measures
BAKU, Azerbaijan, Aug. 3
By Nargiz Sadikhova - Trend:
Refining volume of Kazakhstan’s KazMunayGas (KMG) has decreased by 17.1 percent and totaled to 8.2 million tons in the first half of 2020, Trend reports with reference to KMG.
The company said that due to the introduction of quarantine measures in almost all Kazakh cities in 1H2020, the demand for the main types of oil products has decreased significantly, which had a corresponding impact on the production operations of Kazakh oil refineries.
“The volumes of oil refining and production of oil products were reduced to avoid overstocking, while the production process was not stopped; the utilization of refineries was balanced in accordance with the required volume of oil products production. Currently, the refineries continue their production activities,” the KMG said.
Thus, during the reporting period refining volumes of Kazakh refineries declined by 9.7 percent and amounted to 6.02 million tons.
“The reduction is due to a decrease in oil refining volumes at the Pavlodar and Shymkent plants to avoid overstocking of oil products and due to the impact of the coronavirus infection COVID-19 on the consumption of oil products,” the company said.
The production of oil products at Kazakh refineries decreased by 11.3 percent year-on-year to 5.4 million tons due to the decrease in the oil refining volumes as a result of the impact of the coronavirus infection COVID-19 on the consumption of oil products.
In turn, refining at KMG International refineries (Petromidia, Vega) significantly decreased by 31.8 percent year-on-year to 2.2 million tonnes as a result of a production shutdown at Petromidia refinery related to scheduled overhaul from March 15 to May 1, 2020.
Oil products production at KMG International refineries (Petromidia, Vega) in Romania decreased by 31.5 percent year-on-year to 2.2 million tons as a result of production shutdown at Petromidia refinery due to scheduled overhaul.
KMG is the Kazakhstan operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.
Follow the author on twitter: @nargiz_sadikh