BAKU, Azerbaijan, May 13. The total volume of hydrocarbon processing by the subsidiaries of Kazakhstan’s KazMunayGas National Company (KMG) decreased by 2.1 percent over the first quarter of 2022 compared to the same period in 2021 and amounted to 4.5 million tons, Trend reports citing Kazakhstan’s company.
At Kazakh refineries, the volume of hydrocarbon processing increased by 5.7 percent and amounted to 3.5 million tons. The increase in refining volumes was due to the shutdown of production at the Atyrau Refinery at the same period last year because of deep voltage drops in electrical networks and the restoration of demand for oil products to pre-pandemic levels this year.
The volume of refining at the KMG International refineries (Petromidia, Vega) in Romania decreased by 21.3 percent and amounted to 1.04 million tons. The decrease in refining volumes is associated with the shutdown of the Petromidia plant for scheduled repairs from March 11 to April 8, 2022.
For the first quarter of 2022 the volume of production of oil products at Kazakh and Romanian refineries decreased by 2.8 percent and amounted to 4.1 million tons.
Kazakhstani refineries produced 3.1 million tons of oil products, which is 5.1 percent more than last year, due to the recovery in demand for oil products in the domestic market after the pandemic.
Refineries of KMG International (Petromidia, Vega) produced 1.02 million tons of oil products, which is 21.1 percent lower than in the first quarter of 2021 due to a corresponding decrease in refining volumes at the Petromidia refinery in Romania.