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Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.
A consortium of four major South Korean construction companies has won a $6.04 billion deal to build an oil refinery in Iraq.
The 2013 crude and condensed gas production totaled 81.8 million tons.
China will finance most of the costs associated with building a $10 billion refinery in Ecuador, and become a partner in the megaproject.
Given the overhaul of the current 3 oil refineries, a new oil refinery may be needed only after 2025: Samruk-Kazyna Sovereign Wealth Fund Managing Director.
Shymkent Oil Refinery in southern Kazakhstan has started working after the overhaul.
At the sitting of the Kazakh-Chinese Business Council the two sides signed contracts worth over $22 billion, according to Umirzak Shukeev, Head of Samruk Kazyna Sovereign Wealth Fund.
The ban on export of oil products introduced by the Kazakhstan government has resulted in the local refineries overstocking their tank farms with products.
A lightning bolt ignited fuel at an oil refinery east of Caracas on Sunday, sending giant columns of black smoke into the sky and forcing hundreds to evacuate.
The project to modernize the oil refinery is estimated at $1.07 billion. The Company plans to spend about $300 million to purchase equipment this year.
The overhaul will last for one month, until July 25: Director General of Pavlodar Oil Chemical Plant Shukhrat Danbai.
Pavlodar oil chemical plant has lowered its oil processing target plan for 2013 from 5.2 million tons to 4.8 million tons.
Kazakhstan oil refineries may be suspended because of a deficit of oil storage tanks.
110 residential buildings with lands and 56 other land lots in Peretassovka village are located in the refinery’s buffer zone.
Modernization of Shymkent and Pavlodar oil refineries will be completed by 2016.
We believe that we have to start building the fourth refinery in 2016: Kazakhstan Oil Minister.
Kazakhstan government approved the quotas for attraction of the foreign labor for the priority project on reconstruction and modernization of Atyrau oil refinery.
Pavlodar refinery in Kazakhstan will be getting guaranteed oil supplies from Russia.
In 2011 the salaries at the Kazakhstan refinery went 25 percent up and then were raised by 30 percent in 2012.
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