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Refining volume remains practically unchanged in Kazakhstan

Oil&Gas Materials 12 May 2021 14:24 (UTC +04:00)
Refining volume remains practically unchanged in Kazakhstan

BAKU, Azerbaijan, May 12

By Nargiz Sadikhova - Trend:

The volume of sales of own produced oil and gas condensate of Kazakhstan’s KazMunayGas (KMG) decreased by 13.4 percent in 1Q2021 compared to the same period last year and amounted to 5.2 million tons, of which 64.8 percent was exported, Trend reports citing KMG.

Supplies to the domestic market of own produced oil and gas condensate amounted to 1.8 million tons, including supplies of crude oil from operating assets (Ozenmunaigas, Embamunaigas, Kazakhturkmunai and Urikhtau Operating) in the amount of 996,000 tons to the Atyrau and Pavlodar refineries for further oil refining and sale of oil products.

Sales of gas in the first quarter of 2021 slightly decreased by 1.7 percent compared to the first quarter of 2020 and amounted to 7.6 billion cubic meters. The export of sales gas amounted to 1.7 billion cubic meters, of which 93 percent was exported to China.

Compared to the same period in 2020, there was a decrease in gas export volumes by 33.4 percent, due to the absence of an agreement by KazTransGas JSC for the supply of gas to Russia for 2021 and a decrease in exports to China, amid growing gas consumption in the domestic market.

For the first quarter of 2021, the total refining volume compared to the first quarter of 2020 remained practically unchanged and amounted to 4.6 million tons:

  • Refining volumes at Kazakh refineries decreased by 0.6 percent and amounted to 3.3 million tons. At the same time, the volumes at Atyrau Refinery decreased by 14.9 percent, due to a series of deep drawdowns in electricity at the beginning of the year. While at the rest of Kazakh refineries there was an increase in refining volumes, among which the largest increase by 15.5 percent was observed at PKOP due to additional utilization to compensate for interruptions at the Atyrau Refinery;
  • The volume of refining at the KMG International refineries (Petromidia, Vega) in Romania amounted to 1.3 million tons, the growth was insignificant, only 1.6 percent higher than in the first quarter of 2020.

In the first quarter of 2021, the volume of oil product production at Kazakh and Romanian refineries increased by 1.5 percent and amounted to 4.2 million tons:

  • Kazakh refineries produced 2.9 million tons of oil products, which is 1.5 percent more than last year. There was a stable recovery in demand for petroleum products to levels before the pandemic;
  • Plants of KMG International (Petromidia, Vega) produced 1.2 million tons of oil products, which is 1.5 percent higher than in the first quarter of 2020.

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Follow the author on Twitter: @nargiz_sadikh

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