New Oil Refinery in Kazakhstan: Construction Should Begin in 8 Years

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
- Scammers Posing as Security Agents Trick Architect Into Selling Property
- Ulytau Officials Respond to Fine: Blogger Was Penalized Over Unfounded Corruption Claims
- Kazakhstan Lifts Gallium Export Duty
- Chinese Firm Proposes to Fund New Port and Logistics Hub in Mangystau Region
- ForteBank Stock Soars on Home Credit Deal, Then Plunges 30% in a Day
- Coins Believed to Be Tied to Kairat Satybaldyulyuly to Be Auctioned
- Ukraine’s Military Intelligence Chief Says Ceasefire Should Come Before Year’s End
- Kyrgyz Citizen Fined in Kazakhstan for Carrying Banned Book Across Border
- Trial of Former Financial Police Officers in Khorgos Case No. 1 Closed to Public Over State Secrets
- Kazakhstan to Ban Outdoor Currency Rate Displays at Exchange Offices Starting September
- Armenian Court Orders One-Month Detention for Tashir Pizza Executive Amid Ongoing Investigation
- Kazakhstan May Require Banks to Offer Deferrals to Socially Vulnerable Borrowers
- Almaty Utility Pursues Debt Collection for Unpaid Heating and Hot Water Bills
- Kazakhstan and Afghanistan Sign Railway Memorandum
- Kazakhstan's National Bank Keeps Interest Rate at 16.5%, No Cuts Expected Until 2026
- Vyacheslav Kim Finalizes Purchase of Alatau City Bank
- Wild Arman Associate Detained in UAE Over Alleged Role in Qantar Riots
- Ulytau Region Akim Sues Woman for 495,000 Tenge Over TikTok Video
- Ukrainian Entrepreneurs Move to Buy BTA Bank from Kazakh Businessman Kenes Rakishev
- Kazakhstan’s Foreign Debt Hits 170.5 Billion USD in Q1 2025