CASPIAN

 

Kazakhstan’s Atyrau Refinery Upgrade To Be Funded From Japan

Kazakh state firm KazMunaiGaz (KMG) announced on 8 August an agreement with the Japanese Bank for International Cooperation (JBIC) and the Bank of Tokyo Mitsubishi UFJ, for partial funding of the upgrading of Atyrau refinery. The Japanese banks will provide a loan of $297.5mn. Japan’s Marubeni Corporation was awarded a contract by KMG in December for the upgrade, with...