Petrochemistry - one of priority spheres of development of fuel and energy complex – Kazakh Energy Ministry

Oil&Gas Materials 16 November 2020 17:23 (UTC +04:00)
Petrochemistry - one of priority spheres of development of fuel and energy complex – Kazakh Energy Ministry

BAKU, Azerbaijan, Nov. 16


During a working trip to the Almaty region, Kazakh Minister of Energy Nurlan Nogaev reviewed the work of the LUKOIL Lubricants Central Asia LLP producing lubricants, Trend reports with reference to the Ministry of Economy of the Republic of Kazakhstan.

LUKOIL Lubricants Central Asia LLP (100 percent subsidiary of Lukoil company) was opened in 2019 and is designed for the compounding (mixing) process of base oils and additives to produce oils.

The capacity of the plant is 100,000 tons of lubricants a year and the plant can produce more than 700 types of commercial motor, industrial, transmission oils.

Summing up the results of the visit, Nogaev spoke about the measures being taken by the ministry to develop the petrochemical industry.

In particular, the Ministry of Energy initiated the inclusion of the issue related to the possibility of ratification of amendments by the Government of the Republic of Uzbekistan (made in 2000 and 2009) to the rules of determining the country of origin of goods, approved upon the decision of the Council of Heads of Government of the Commonwealth of Independent States on September 24, 1993, in the agenda of another meeting of the intergovernmental commission between the Republic of Kazakhstan and the Republic of Uzbekistan.

This step in the future will simplify the procedure of exporting petrochemical products by obtaining the "ST-1" certificate. Currently, Kazakhstan has four enterprises producing lubricants with a total capacity of 145,000 tons per year.

“In his message the president gave a number of specific instructions regarding the development of the petrochemical industry,” Nogaev added. “To implement this order the government is already taking measures such as simplifying certain procedures, removing administrative barriers, creating a favorable business climate for developing a competitive environment in the petrochemical industry. This is one of the priority spheres for the development of the fuel and energy complex, in which the work is constantly carried out.”