Kazakhstan to Double Oil Refining Capacity by 2040

Kazakhstan’s 40 Million-Ton Refining Goal Hinges on Domestic Market Incentives, Expert Says

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan’s ambition to increase oil refining capacity to 40 million tons a year will require more than expanding existing plants and building a new refinery. The country will also need to address the economic incentives that currently make crude exports more attractive than supplying some oil to domestic refineries, Executive Director of Energy…

Kazakhstan to Double Oil Refining Capacity by 2040

Kazakhstan plans to more than double its crude oil refining capacity by 2040 from current levels by expanding existing capacities and building a major new refinery, the country's Energy Ministry said on Wednesday, citing the government's 2025-2040 plan to boost fuel output. Kazakhstan, a major crude oil producer and member of the OPEC+ pact, currently has 18 million tons of annual oil refining capacity. It plans to boost this to 29 million tons …