New Oil Refinery in Kazakhstan: Construction Should Begin in 8 Years
Photo: Elements.envato.com
Minister of Energy Almasadam Satkaliyev spoke about plans to design and construct a new oil refinery, Orda.kz reports.
The Minister spoke at government hour in the Majilis.
In connection with the expected shortage of light oil products in 2036, it is necessary to begin designing a new oil refinery with a capacity of 10 million tons per year, but no later than 2030. Construction (is planned to begin. - Ed.) in 2032, said Almasadam Satkaliyev.
Satkaliyev said Kazakhstan's need for fuel will increase by an additional two million tons of diesel fuel per year from 2030 to 2036. This will lead to a deficit of 0.2 million tons, increasing annually by 0.3-0.35 million tons until 2050.
In the period 2028-2030, it is necessary to constantly update the production-consumption balances due to possible imports of fuels and lubricants in 2036-2040. The construction of a new oil refinery will cover the country's needs for fuels and lubricants from 2040 to 2050 and will allow fuels and lubricants to be exported to the rapidly developing markets of Central, South, and Southwest Asia, the Minister added.
Speaking in the Majilis, the head of the Ministry of Energy also said that the ministry plans to collect 14 billion tenge from subsoil users.
Original Author: Zhadra Zhulmukhametova
Latest news
- Suspect in Theft of $230,000 From Employer Extradited From Greece to Kazakhstan
- Steppe Near Aktau Cleared After Landfill Complaints, but Users Doubt the Problem Is Solved
- Why Markets Are Closing in Kazakhstan, According to the Ministry
- Kazakh Scientists Seek 10 Billion Tenge for Rare Metal Processing Research
- Georgia Becomes New Market for Kazakhstan’s Pork Exports
- Young Kazakhstanis Are Moving Into Trade and Working Overtime
- Russia Promises New Route for Kazakh Oil to Europe After Druzhba Halt
- National Fund Assets Reach $64.6 Billion as Kazakhstan Cuts Withdrawals
- Deputy Complains About Growing Rudeness and Aggression in Kazakh Society
- Deep Purple Plays Kazakhstan’s National Anthem at Almaty Concert
- Court Fines Activist in Case She Calls Politically Motivated
- Central Asian Leaders Back International Day for the Aral Sea and Its Main Rivers
- Kazakhstan Tightens Rules on Bank Loans to Related Parties
- Kyrgyz MP Reports Attacks on Kyrgyz Cars in Kazakhstan
- AI to Be Used to Monitor Methane Leaks in Kazakhstan
- Nuclear Power Could Cost Kazakhstanis Up to $0.19 per kWh, Expert Says
- Tokayev Criticizes Selective Use of the UN Charter
- Kazakhstan Plans to Print National ID Numbers on Pharmacy and Clinic Receipts
- Tokayev Says Snow Leopard Numbers in Kazakhstan Have Recovered
- Illusion of Stability: Expert Says Housing in Kazakhstan Could Rise in Price by Fall
