Kazakhstan May Start Refinery Construction Next Year, IFX Says

TOO Kazenergoregion plans to start construction of an 8 billion-euro ($10.5 billion) oil refinery in northern Kazakhstan next year, Interfax reported.

The closely held company will invest 2 billion euros in an initial phase at the planned plant in Bulaevo, Interfax reported today, citing a company official.

The refinery will process as much as 6 million metric tons of crude a year at first and 12 million tons of oil when the second phase is completed, Interfax reported.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Steve Voss at sev@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.