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27 August 2010, 14:57
KMG to fully meet domestic demand in deep-processed oil products by 2014
ASTANA.  August 27. KAZINFORM /Murat Zhakeyev/ KazMunayGas National Company JSC plans to fully meet the internal demand in deep processed oil products by 2014. President of the Company Kairgeldy Kabyldin announced it at the I Summit of the Heads of SamrukKazyna JSC Fund group.

"The quality of the manufactured products must be improved and the depth of oil processing must reach up to 97%. This means attraction of more advanced technologies in oil processing sector and new road bitumen production units. By 2014 we must invest about KZT 20 bln in development of the country's oil and gas sector and fully satisfy domestic enterprises' need in oil products", K. Kabyldin said.

According to K. Kabyldin, by 2014 oil output in Kazakhstan will make 24 mln tons per annum. Today this figure makes 20 mln. By 2015 the Company intends to join 30 leading world oil and gas companies.

 


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