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Iran and China to join construction of Kazakhstan's oil refinery

Kazakhstan is to construct its fourth oil refinery in cooperation with Iran and China.

Iran and China to join construction of Kazakhstan's oil refinery
Photo courtesy of RIA Novosti
Kazakhstan mulling privatization of oil refineries

Oil production in Kazakhstan in 2014 stood at 73.7 million tons. The three Kazakhstan-based oil refineries produced a total of 3.02 million tons of petrol.

Kazakhstan mulling privatization of oil refineries
©REUTERS
'Chemical attack' descends upon Atyrau

Excess hydrogen sulfide emissions in Atyrau in western Kazakhstan cause headaches and suffocation among residents.

'Chemical attack' descends upon Atyrau
Deputy Akim of Mangistau Oblast Rakimbek Amirzhanov and Consul General of Iran in Aktau Mahmoud Adib ©lada.kz
Next oil refinery in Kazakhstan to be built together with Iran

Deputy Akim of Kazakhstan's Mangistau Oblast declared that the fourth oil refinery in Kazakhstan would be built in cooperation with Iran.

Next oil refinery in Kazakhstan to be built together with Iran
Photo courtesy of tng.rusoil.net
Modernization of Kazakh oil refineries may be delayed

The process of modernizing Kazakh oil refineries may have to be delayed, putting additional pressure on the domestic fuel market of Kazakhstan.

Modernization of Kazakh oil refineries may be delayed
Turar Kazangapov ©
KazMunaiGas Head doesnt rule out further decrease in gasoline prices

According to him, oil refineries have been facing excessive gasoline in stock, with oil companies [in line with applicable legislation] still supplying a set volume to local refineries to be processed.

KazMunaiGas Head doesnt rule out further decrease in gasoline prices
Photo courtesy of oppp.ru
Kazakhstan’s Central Bank buying out all gold produced

As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor: Minister for Investments.

Kazakhstan’s Central Bank buying out all gold produced
Energy Minister Vladimir Shkolnik
Kazakhstan’s Energy Minister refutes sales of oil refinery by his son

To my best knowledge, he hasn’t been buying or selling anything in the last three years”, the Minister told journalists on the sidelines of the sitting in the country’s Majilis (lower chamber).

Kazakhstan’s Energy Minister refutes sales of oil refinery by his son
Turar Kazangapov ©
Kazakhstan’s President on plans to construct a 4th oil refinery

Back in the autumn 2014 the country’s Energy Ministry announced that a decision had been taken to build up the processing capabilities of the Shymkent-based oil refinery rather than have a 4th refinery constructed.

Kazakhstan’s President on plans to construct a 4th oil refinery
Overhaul of Shymkent-based oil refinery postponed to spring 2015

Not to slow down the production rates at the start of next year and to keep all the indicators in line with plans, the overhaul has been postponed from this year’s autumn to the spring of 2015: South Kazakhstan oblast governor.

Overhaul of Shymkent-based oil refinery postponed to spring 2015
Shymkent Oil Refinery ©oilnews.kz
Shymkent Oil Refinery to receive additional $400 million for modernization

Additional money will be allocated to modernize the Shymkent Oil Refinery on southern Kazakhstan. This will help increase the production capacity of the refinery and make it more environmentally friendly.

Shymkent Oil Refinery to receive additional $400 million for modernization
Photo courtesy of RIA Novosti
Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman

KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.

Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman
Tengrinews file photo
Communists in Kazakhstan slam decision to abandon construction of oil refinery

The People's Communist Party has tagged the decision to abandon construction of the 4th oil refinery in Kazakhstan ill judged and said problems had to be solved by the government not shifted to the shoulders of the citizens.

Communists in Kazakhstan slam decision to abandon construction of oil refinery
Turar Kazangapov ©
Kazakhstan’s Energy Minister on petrol shortages

Back September 16 First Vice Energy Minister told a briefing that petrol production at the three Kazakhstan-based oil refineries in September is estimated at 250 000 tons, with the current monthly demand for petrol standing at 280 000 tons.

Kazakhstan’s Energy Minister on petrol shortages
© Yaroslav Radlovskiy
Sugar refinery to be built in Almaty Oblast

A sugar factory with a capacity of 100 thousand tons per season will be built in Almaty Oblast.

Sugar refinery to be built in Almaty Oblast
Tengrinews file photo
Tatarstan ready to share experience in oil refining with Kazakhstan

A delegation from Tatarstan has visited Astana to discuss cooperation in various fields, including oil industry.

Tatarstan ready to share experience in oil refining with Kazakhstan
©Yaroslav Radlovsky
Fuel market risks in Kazakhstan

Kazakhstan has only three oil refineries, which are not only few but also outdated.

Fuel market risks in Kazakhstan
Three injured in oil refinery fire in western Kazakhstan

A fire occurred at an oil refinery in Aktobe Oblast on July 16.

Three injured in oil refinery fire in western Kazakhstan
Photo courtesy of munaigaz.kz
KazMunaiGas Head on the 4th oil refinery

In the second half of 2016 the three oil refineries they will be able to fully meet the domestic demand: Sauat Mynbayev.

KazMunaiGas Head on the 4th oil refinery
©RIA Novosti
KazMunaiGas head on decreasing fuel supplies from Russia

Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.

KazMunaiGas head on decreasing fuel supplies from Russia