Investment in Kazakh oil refineries to make up about $ 3.1 bn

Feb 23, 2009 01:00 AM

Growth of capacities on processing of crude oil by 2014 will make up 2.5 mm ton with improvement of structure of oil products, said head of the ministry of energy and mineral resources of Kazakhstan Sauat Mynbayev.
The minister stated the amount of investments in all 3 Kazakhstani oil refineries will make up about $ 3.1 bn.

"The program is not to be realized in one day. It is considered for 6-7 years. Thus, in any case we will depend on external facts of price formation."
"Our task is to reduce with regulative methods and to reinsure a reduction of this dependency," he said.

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