Kazakhstan eyes increasing volumes of oil refinery
By Nigar Abbasova
The volumes of oil refinery in Kazakhstan may reach the level of 14.15 million tons, Kapital.kz quoted the country’s energy minister Kanat Bozumbayev as saying.
He said that the volumes will be increased by means of shortening the term of preventive maintenance operations in Pavlodar petrochemical plant and Shymkent oil refinery plant.
The current backlog from the target figure in oil processing amounts to 200,000 tons.
The measures are expected to eliminate the lag, process additional 150,000 tons of oil, and manufacture additional volumes of petrochemicals.
The volume of diesel fuel output is expected to reach the level of 41,000 tons, while the volume of petrol will amount to 22,500 tons.
Commenting on the operations which are currently implemented on Kashagan field, Bozumbayev stressed that repair-and-renewal operations have already been conducted by 87 percent.
“We are planning to commission the field ahead of schedule. The volume of oil extraction is expected to increase to 70.5 million tons,” he added.
The oil production in Kazakhstan decreased by 2.8 percent to 27.67 million tons in January-May 2016. Oil sector of economy accounts for approximately 20 percent of the country’s GDP. The country's proven oil reserve as of early 2016 stood at the level of 30 billion barrels, according to BP Statistical Review of World Energy. Largest oil fields of the country are Tengiz, Karachaganak and Kashagan.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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