3 updated oil refineries to secure home market of oil products
ASTANA. September 24. KAZINFORM. /Kanat Kulshmanov/ Modernization of three oil refineries of Kazakhstan will allow to fully supply the home market with all kinds of oil products except for motor oils in 2013-2014. Minister of Energy and Mineral Resources Sauat Mynbayev has made it public at the Eurasian Energy Forum in Astana today. The Minister reminded that the program of modernization of three oil processing plants of Kazakhstan to the amount of USD 4 billion was adopted in May 2009. "Once the program is brought into action, in 2013-2014 we will have home market fully supplied with all the kinds of oil products, but motor oils. Besides, gasoline will be of Euro-4 standard", Mynbayev said. Along with crude oil Kazakhstan imports oil products. Import of jet fuel makes up 33%, high-octane gasoline - 40%. "It is connected with insufficient capacity and technological level of our oil refineries", S. Mynbayev added.