Energy Portal
EU, THE LITTORAL STATES OF THE BLACK & CASPIAN SEAS AND THEIR NEIGHBOURING COUNTRIES

News Russian companies are eyeing Kazakh refinery

KazMunaiGas - Kazakh state energy firm may sell a stake in the Pavlodar oil refinery to Russia's Gazprom Neft or TNK-BP.
KazMunaiGas plans to buy the refinery from MangistauMunaiGas, a private oil producer, and then sell a large minority stake to a Russian company that can provide it with oil from Siberia, one of the sources said.
The Pavlodar refinery, built in Soviet times, is linked to pipelines in neighbouring Russia rather than to Kazakh ones. It can process up to 7.5 million tonnes of oil a year.
A banking source in Russia confirmed that Russian firms were eyeing the refinery.
Kazakhstan produces about 70 million tonnes of oil a year and exports most of it. Its three refineries mostly serve the domestic market.

Concerned URL http://www.reuters.com/article/GCA-Oil/idUSTRE54O2OX20090525 [open in new window]
Source of information Reuters
Release date 01/06/2009
Contributor Elena Nikitina

This item has expired