KazMunaiGas to complete feasibility study to construct 4th oil refinery

KazMunaiGas National Oil and Gas Company will complete a feasibility study to construct an oil refinery [4th in the country] in Kazakhstan by 2015, tengrinews.kz reports, citing Samruk-Kazyna Sovereign Wealth Fund Managing Director Malik Salimgiriyev.

“In 2014 the Company plans to get down to carrying out a feasibility study to construct a 4th oil refinery; the works are expected to be complete by 2015. Any precise information on location and raw materials supplies will only be available in 2015”, Mr. Salimgiriyev told a briefing.

He reminded that currently the three oil refineries based in Atyrau, Pavlodar and Shimkent are being overhauled. Given the overhaul, a new oil refinery may be needed only after 2025, he said.