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
- Kazakhstan Cancels Exam Results For More Than 700 University Applicants
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
