Kazakhstan to build oil refinery in Caspian region

Jan 25, 2009 01:00 AM

Kazakhstan plans to complete the construction of a Caspian oil refinery in the Western Mangistau oil-bearing province in 2012.
Kazakh Prime Minister Karim Masimov familiarized himself with the project during his tour of the region on January 24 and 25, the Mangistau region governor's office reported.

The oil refinery, to be built in 2009-2012, is expected to produce up to 1 mm tons of oil each year.
The depth of refining is projected at no less than 80 % after the first phase is commissioned, and at no less than 90 % at the second stage.

Kazakhstan has three oil refineries, located in the Western Atyrau region bordering Mangistau region, in the Northern Pavlodar region [which refines oil from Russia's West Siberia under tolling arrangements], and in the South Kazakhstan region. Their aggregate projected annual oil refining capacity is up to 15 mm tons.
Kazakhstan's domestic needs are estimated at 1 mm-12 mm tons.

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