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Kazakhstan Refinery Begins Processing Russian Oil
(MENAFN) Kazakhstan says the Kondensat oil refinery in the western part of the country is set to process crude oil from Russia as authorities outline plans for the distribution of the facility’s refined output.
Energy Minister Yerlan Akkenzhenov says an existing agreement provides for 70% of the refinery’s production to be exported to Russia, while the remaining 30% will consist of petroleum products needed in the Kazakh domestic market.
“I believe these are normal conditions. The owner (of the enterprise running the refinery) is not included on any sanctions lists, so we won't be affected by the sanctions,” Akkenzhenov was quoted as saying.
The minister explains that the refinery currently lacks pipeline connections with either Kazakhstan’s or Russia’s oil transportation networks. As a result, both incoming crude and outgoing refined products will be transported by rail.
“If the owner wants to ship products now, that's no problem. Everything depends on the railway's capacity. I know they're undertaking some reconstruction work at this plant to increase capacity. The benefits for us are additional investment in our country and job security,” Akkenzhenov added.
The facility is reportedly undergoing reconstruction aimed at raising its processing capacity. Kazakh authorities say the project could bring additional investment into the country while helping preserve employment.
The arrangement is also expected to facilitate closer energy cooperation between Kazakhstan and Russia, with rail infrastructure playing a key role in moving the refinery’s products.
Energy Minister Yerlan Akkenzhenov says an existing agreement provides for 70% of the refinery’s production to be exported to Russia, while the remaining 30% will consist of petroleum products needed in the Kazakh domestic market.
“I believe these are normal conditions. The owner (of the enterprise running the refinery) is not included on any sanctions lists, so we won't be affected by the sanctions,” Akkenzhenov was quoted as saying.
The minister explains that the refinery currently lacks pipeline connections with either Kazakhstan’s or Russia’s oil transportation networks. As a result, both incoming crude and outgoing refined products will be transported by rail.
“If the owner wants to ship products now, that's no problem. Everything depends on the railway's capacity. I know they're undertaking some reconstruction work at this plant to increase capacity. The benefits for us are additional investment in our country and job security,” Akkenzhenov added.
The facility is reportedly undergoing reconstruction aimed at raising its processing capacity. Kazakh authorities say the project could bring additional investment into the country while helping preserve employment.
The arrangement is also expected to facilitate closer energy cooperation between Kazakhstan and Russia, with rail infrastructure playing a key role in moving the refinery’s products.
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