Tag Archives: refining

UOP to work on Azerbaijan’s refinery

NOV. 3 2015 (The Conway Bulletin) — US-based UOP signed a contract to provide technology and licensing for new units to be built at the Heydar Aliyev oil refinery near Baku. UOP is a subsidiary of Honeywell International. SOCAR, Azerbaijan’s state-owned energy company, has been looking for partners to modernise the country’s most important refinery. Azerbaijan needs to produce more petrol to hit growing demand.

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(News report from Issue No. 255, published on Nov. 6 2015)

Azerbaijan’s SOCAR signs contract with France’s Axens

OCT. 28 2015 (The Conway Bulletin) — Azerbaijan’s state-owned energy company SOCAR signed a contract with French industrial group Axens to build new units at the Heydar Aliyev refinery near Baku. This is part of a $16.5b project to modernise the Baku refinery and boost production of petroleum products. Axens will build new diesel fuel and gas hydro-treating units at the refinery.

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(News report from Issue No. 254, published on Oct. 30 2015)

Iran, China and Kazakhstan to build refinery

OCT. 17 2015 (The Conway Bulletin) — Iran and China are ready to help build Kazakhstan’s fourth oil refinery, Raymbek Amirzhanov, vice governor of the Mangistau region in north- western Kazakhstan, told media. Kazakhstan has repeatedly said it needs a fourth refinery to end its dependence on Russian petroleum products. Iran and China have said they will buy more oil from Kazakhstan through a swap system.

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(News report from Issue No. 253, published on Oct. 23 2015)

Iran to develop trade with Tajikistan

JUNE 22 2015 (The Conway Bulletin) – Iran plans to export more refined gas products to Tajikistan and Armenia, Iranian media quoted a senior official at the National Iranian Oil Products Distribution Company as saying.

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(News report from Issue No. 237, published on June 25 2015)

Refinery investment needs Azerbaijani oil company

JUNE 8 2015 (The Conway Bulletin) – SOCAR, Azerbaijan’s state oil and gas company, said it wanted to invest $1.2b upgrading its oil refinery in Baku. Officials in Azerbaijan have been saying for several months that they want to increase their capacity for producing high-grade oil-products.

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(News report from Issue No. 235, published on June 11 2015)

Kazakhstan to boost petrol production

JUNE 3 2015 (The Conway Bulletin) – Kazakhstan plans to produce the higher grade AI-92 and AI-95 petrol at a refinery in the north of the country, media reported quoting the Kazakh Development Bank. Kazakhstan has a shortage of refined oil products.

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(News report from Issue No. 234, published on June 4 2015)

Uzbekistan to start gas refining

MAY 13 2015 (The Conway Bulletin) – Shokir Fayzullayev, head of Uzbekneftegaz, the Uzbek oil and gas company, said Uzbekistan intends to start an $18.65b investment project that will re-orientate its strategy for gas towards refining it rather than exporting it. Mr Fayzullayev said Uzbekistan wanted to add more value to its gas production.

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(News report from Issue No. 231, published on May 13 2015)

China to build refinery in Kazakhstan

APRIL 2 2015 (The Conway Bulletin) – Chinese company CITIC has agreed to build a vital fourth Kazakh oil refinery in Aktau, Forbes Kazakhstan reported. The deal was arranged during a trip last month to China by Kazakh PM Karim Massimov. The project should cost around $6b and will be completed within 5 years.
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(News report from Issue No. 226, published on April 8 2015)

Kazakhstan signs deals with China

MARCH 27 2015 (The Conway Bulletin) – On a trip to Beijing, Kazakh PM Karim Massimov signed deals with his Chinese counterpart, Li Keqiang, worth $23.6b. The deals covered a range of industries from steel and glass production to oil refining and hydropower. China and Kazakhstan have increased cooperation in the past few years.
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(News report from Issue No. 225, published on April 12015)

Kazakhstan may delay modernising refineries

MARCH 13 2015 (The Bulletin) – Kazakhstan may delay modernisation work at its three refineries until 2016 because a cut in the price of rival Russian oil products has knocked their profitability, Yerlan Koibagarov, down-stream director at Kazakh state energy company KazMunaiGaz, was quoted by media as saying.

Upgrade work to the refineries is considered essential in the long run to boost output and guarantee the quality of Kazakhstan’s domestically produced oil products. Demand for oil has soared over the last few years, while output hasn’t been able to keep up.

“If this trend continues I really don’t know if we will have enough monetary funds for the modernisation or not,” the government-owned Astana Times newspaper quoted Mr Koibagarov as saying. “Maybe we will have to prolong the term.”

At the beginning of this month, Kazakhstan slapped a 45 day ban on the import of oil products from Russia. The problem is that the value of the rouble has dropped by around half over the past six months, while the Kazakh Central Bank has tried to maintain the value of the tenge. Global oil prices have also plunged.

Refineries and oil products are an important issue in Kazakhstan.

To head off general discontent about the lack of petrol, the Kazakh government has made self-sufficiency for oil products a major plank of their policies.
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(News report from Issue No. 223, published on March 18 2015)