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Kazakhstan sets up projects, priorities to develop energy sector in 2021

Oil&Gas Materials 16 February 2021 17:56
Kazakhstan sets up projects, priorities to develop energy sector in 2021

BAKU< Azerbaijan, Feb. 16

BY Nargiz Sadikhova – Trend:

Kazakhstan will implement a number of projects and initiatives in order to achieve indicators of the fuel and energy complex set for 2021, Kazakhstan’s Minister of Energy Nurlan Nogayev said, Trend reports citing the press office of Kazakhstan’s government.

The project of the 4th gas re-injection compressor is currently being completed within the Karachaganak expansion project, which in turn will allow maintaining the production of hydrocarbons in the amount of 11-12 million tons per year.

Oil refineries in Pavlodar and Shymkent will be stably provided with oil due to the commissioning of the Kenkiyak-Atyrau reverse oil pipeline with a capacity of up to 6 million tons per year.

“In addition, there are plans to stage-by-stage start selling oil products via exchange trading this year, which will ensure fair and transparent pricing of oil products,” Nogayev said.

This year there are also plans to complete construction and installation work at three plants with a total capacity of 557,000 tons of product a year and investments worth $2.6 billion: - a polypropylene plant with a capacity of 500,000 tons per year (Atyrau region); - plant for the production of additives with a capacity of 57,000 tons of gasoline per year (Shymkent city); - a production plant with a capacity of 57 million cubic meters of nitrogen and 34 million cubic meters of dry compressed air (Atyrau region).

Talking the development of the electric power industry, the Ministry plans to implement three projects in the Kyzylorda, Turkestan and Almaty regions this year using the auction mechanism within the framework of the law on stimulating the construction of flexible generation, adopted on December 7, 2020.

This mechanism will give impetus to the construction of agile generation and select more efficient projects for consumers that will have the least impact on prices growth.

The selection of investors is planned for projects worth $870 million of investments. There are plans to implement 23 renewable projects with a total capacity of 381 MW in 2021, and to attract investments worth $370 million in the field. Some 3.5 billion kWh of renewable energy are to be generated this year.

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