Kazakhstan Considers Building Fourth Oil Refinery In Mangistau Region

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ASTANA A new 10-million-tonnes-per-year oil refinery, fourth in the nation, is taken into account to be constructed within the subsequent 5 years in the Mangistau region, Deputy Akim (governor) of the region Rakimbek Amirzhanov has announced.

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“Together with the Iranian aspect, the Akimat (regional administration) is considering the issue of the development of the fourth oil refinery in Kazakhstan. Oil products from Mangistau will probably be sent to the northern ports of Iran, and in the south, Iran will send crude oil to the oil corporations onwards, the Central Communications Service reported, citing the deputy akim.

Based on Amizhanov, a sequence of negotiations have already been held involving the Ministry of Oil of Iran and Kazakhstan’s largest investors. It is estimated the refinery would create 10,000 jobs.

Currently, the nation has three gas refineries: in the Atyrau, Pavlodar and South Kazakhstan areas. The Atyrau plant has been operating since 1945. The plant’s processed oil products totalled 4,920,005 tonnes in 2014. Pavlodar’s output in 2014 totalled 4,925,774 and Shymkent’s was 5,085,239 in the identical yr.

The Aktau sea port and the railway lines Beineu-Zhezkazgan and Uzen-Bereket-Gorgan, connecting western parts of Kazakhstan with its central areas and Kazakhstan with Iran via Turkmenistan respectively, will facilitate the home distribution and export of oil products. The proposed plant will produce gasoline, diesel gasoline, oil and aviation gasoline. The minimum cost of the project is estimated at $6 billion.

“President Nursultan Nazarbayev spoke about the need to start development of the refinery. I believe the Mangistau area meets all the requirements [for that purpose]. There are large reserves of oil. Final yr, the amount of oil manufacturing [regionally] totalled 18 million tonnes. There are various shopper markets. As well as, we have all the opportunities for transport logistics, oil business worker Zholdas Tokzhanov, instructed Kazakh Television.

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