Middle East Economic Survey

VOL. LII

No 34

24-Aug-2009

CASPIAN

Kazakhstan Plans Major Refinery Upgrade

Bakhyt Makhanov, head of downstream strategic management at Kazakhstans Ministry of Energy, announced on 14 August that Kazakhstan is planning a $3.4bn modernization of its three main refineries, at Pavlodar, Shymkent and Atyrau. The modernization program is intended to expand the countrys refining capacity by 30% by 2015, Mr Makhnanov said. The ministry has allocated $600mn to the Pavlodar plant,...