Kazakh oil refinery malfunction leads to big budget losses| MENAFN.COM

Sunday, 23 January 2022 06:21 GMT

Kazakh oil refinery malfunction leads to big budget losses


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 30

By Ali Mustafayev – Trend:

The reduction of volumes of oil processing at the Pavlodar oil and chemistry plant affects the budget of the country's region, said the head of the local executive body Nurzhan Ashimbetov during a press conference in the regional service of central communications.

'The oil refining plant cannot process those volumes of raw materials, that were scheduled before the end of the year. They delayed the modernization of the plant, and due to this they don't keep pace with the original schedule and cannot process the necessary amount of oil, which has negative influence on the region's economy,' he said.

Ashimbetov added that 40 percent of the regions income account for excises from the Pavlodar oil refinery.

'We expect them to catch up the next year, as they promised. Currently, we lack 1.3 billion tenge from the Pavlodar refinery and therefore we will reduce the budget of the region.'

The modernization of Kazakhstan's Pavlodar oil refinery was finished in early November.

However the additional renovation delayed the plant's work at its full capacity. The gasoline shortage on Kazakh fuel market is expected to be eliminated as soon as the country's three oil refineries Pavlodar, Atyrau and Shymkent start to operate.

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