Capacity of the first stage of the fourth Oil Refinery in Kazakhstan will be 3 million tons, according to media citing the Energy Minister of the Republic of Kazakhstan Kanat Bozumbaev.
Total processing capacity of plant will reach 6 million tons. Technical parameters and mechanisms for funding of oil refineries will be known in the second half of the year.
“One of the important tasks for oil processing is the construction of a new oil refinery plant. A working group for the elaboration of an Initial Feasibility Study has been created. In the second half of the year we will decide on the future possible location of the plant,” said K. Bozumbayev.
The decision to build the fourth Oil Refinery in Kazakhstan was adopted on the basis of forecast balance, created by the Working Group under the Government of the Republic of Kazakhstan “According to conducted analysis, the modernization of Oil Refinery covers the major types of fuel and lubricant materials the market needs, but it covers them in unstable manner and for the short term. While shortage of motor gasoline will be formed between 2021 and 2023, diesel fuel — between 2018 and 2023, aviation fuel — after 2026”.
Materials, posted on the website of the Government of the Republic of Kazakhstan, stipulate that any unscheduled termination in operation of Oil Refineries in the Republic leads to shortage of fuel and lubricant materials in the domestic market resulting in increased prices for petroleum products.
Currently, in Kazakhstan Atyrau, Pavlodar and Shymkent oil refineries operate. Enterprises as of 2016 could annually process about 14.5 million tons of oil, that is for 2-3 million tons lower than the country needs.
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