refining
Kazakhstan cancels oil refinery plans in Georgia
(Reuters) - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country, an industry source told Reuters on Wednesday.
KMG refinery plans put on hold
(SRI) - KazMunaiGas cancelled its plans to build a refinery in the Georgain port of Batumi, Russian oil industry news portal Oil of Russia reported citing a source in the Kazakh national oil company.
LyondellBasell’s PE and PP technologies selected by Kazakhstan Petrochemical Industries
August 22, 2008 - Kazakhstan Petrochemical Industries Inc. LLP, in which LyondellBasell is holding a minority interest, has selected LyondellBasell’s polyethylene (PE) and polypropylene (PP) technologies for three new plants that will have a combined capacity of 1300 KT of polyolefins per year.
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil
(SRI) - Temporarily banning exports and increasing export duties on oil and petroleum products can reduce price for combustive-lubricating materials (CLM), said Sultan Ushbayev, the chairman of the Board of Directors of oil industrial group Nar Oil, according to Kazakhstan Today.
Oil refining in Kazakhstan should be taken over by state - newspaper
(SRI) - Oil refining in Kazakhstan should be taken under state control in order to stabilize the situation on the domestic market for refined petrolum products, according to a government official.
Gazprom Neft in talks to acquire a stake in Mangistaumunaigas
Gazprom Neft, a subsidiary of Russian natural gas monopoly Gazprom, is in talks to acquire a 49 percent stake in Mangistaumunaigas (MMG), a Kazakh oil company, according to Russian media.
Kazakhstan’s refining industry in trouble
Last Monday, Kazakhstan announced that it has temporarily banned the export of petroleum products in a bid to stem price growth on the domestic market. Just in April, the price of diesel fuel grew 6.5 percent and gasoline 3 percent, considerably outpacing inflation, which stood at 0.9 percent.
