Oil processing will increase to 17.5 mln tons in 2018 - Nazarbayev

Astana. July 2. KazTAG - Oil processing will grow up by 5 mln tons in Kazakhstan to 17.5 mln tons in 2018, said Nursultan Nazarbayev, President of Kazakhstan.

"A complex plan for development of oil and gas sector until 2018 has been adopted. We must increase processing of oil at the refinery stations to 17.5 mln tons, i.e processing will increase by 5 mln tons. Oil transportation will be increased to 98 mln tons, gas- to 35 mln cu m- it is a very important parameter of the economy," he said.

Earlier, Minister of Industry and New Technologies, Deputy Prime Minister Aset Isekeshev declared that oil processing will reach 19 mln tons a year in the future 3 years.

"We set the task to finalize modernization of all three refineries in 2016, maximum in 2017, provide oil processing at least 19 mln tons a year, satisfy internal market with domestic fuel of Euro-4 and Euro-5 standard, jet fuel , other types of fuel," he said at the panel session of VII Astana economic forum on May 22.


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