Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

CASPIAN

Kazakh Government Seeks Controlling Interest In Pavlodar Refinery

Having secured an arrangement with China National Oil Corporation (CNPC) to operate the 160,000 b/d Shymkent refinery on a 50:50 basis, the government of Kazakhstan is seeking a majority stake in the 150,000 b/d Pavlodar refinery in the west of the country. CNPC obtained the Shymkent refinery in October as part of its $4.2bn purchase of the Canadian firm...