Breaking News

Asia Today ISSN 1861-4604 Monday, October 15, 2018

Headline

Kazakhstan to produce Euro-5 gasoline

Production of AI-92 and AI-95 gasoline

Share on Facebook June 3, 2015, Reporter : Trend, Reader : 630

PHOTO CREDIT: Trend News Agency news

Baku, Azerbaijan, June 3 By Elena Kosolapova – Trend: A new plant for the production of AI-92 and AI-95 gasoline of K5 environmental class corresponding to Euro-5 standard will be commissioned in Kazakhstan by late 2015, the message of Development Bank of Kazakhstan said.

Gasoline production of these brands will be established in the West Kazakhstan region on the basis of the existing refinery complex Condensate JSC in Aksai.

The design capacity of the fuel production will consist of: AI-92 gasoline – 114,000 metric tons, AI-95 gasoline – 86,000 metric tons per year..

In addition, the company plans to establish production of virgin gas oil fractions (raw material for hydrotreating of diesel fuel) in amount of up to 198,000 metric tons per year, vacuum gas oil (raw material for catalytic and hydrocracking, oil production) - 104 metric tons, tar (the raw material for the production of bitumen) – 75,000 metric tons per year.

Currently, the company is assembling the main process rigs for the production of gasoline, the message said.

The total project cost is approximately $200 million, and 60 percent of the required funding is provided by Kazakhstan Development Bank for a period of up to six years.

The corresponding loan agreement was signed between the bank and Condensate JSC June 2. Borrowings of the bank will be used to purchase equipment, construction, installation and commissioning. The new plant will be commissioned by late 2015.

“Modernization of the plant will reduce the shortage of motor fuel on the domestic market as well as eliminate the dependence of the western region of the republic on import of motor fuel from neighboring countries, increase the range of finished oil products,” General Director of Condensate JSC Farid Bakhtiozin said.

Kazakhstan Development Bank JSC is a national institute of modernization and development of non-commodity and infrastructure sectors of the economy of Kazakhstan. The bank was founded in 2001.

More Euro Asia news of the month

Photos Swiss company to develop blockchain technologies in Kazakhstan

Baku, Azerbaijan, Nov. 2 By Ali Mustafayev – Trend: The Astana International Financial Center (AIFC) and the Swiss company 5EL SA...

Photos First OIC Summit on Science and Technology in Astana

The First Summit on Science and Technology of the Organization of Islamic Cooperation (OIC) has kicked off in Astana, the capital of...

Photos India, Pakistan join connectivity projects but India clarifies ‘territorial integrity and sovereignty’ should be respected

ASTANA, Kazakhstan - In a bid to be part of connectivity projects among the eight-nation security bloc, India and Pakistan joined the...

Photos India, Pakistan to become SCO full members in June

Baku, Azerbaijan, April 21 By Elena Kosolapova – Trend: It is planned to complete the acceptance process of India and Pakistan as...

Photos Kazakhstan eyes to increase oil export to Novorossiysk port

Baku, Azerbaijan, Jan. 14 By Maksim Tsurkov – Trend: Kazakhstan intends to increase the export of oil through the Russian section...

Photos Kazakh Delta bank resumes banking operations

Baku, Azerbaijan, Dec. 29 By Elena Kosolapova – Trend: Kazakh National Bank renewed a license of Delta Bank for banking and...

Photos Kazakhstan to profit from Kashagan at any oil prices

Baku, Azerbaijan, Oct. 6 By Elena Kosolapova - Trend: Kazakhstan will get profit from Kashagan oil field at any oil prices, Kazakh...

Photos Kazakhstan reveals cost of oil output expansion at Tengiz field

Baku, Azerbaijan, July 5 By Elena Kosolapova – Trend: Tengizchevroil LLP (TCO) announced it has received approval from its...

Photos Parliamentary election kicks off in Kazakhstan

Baku, Azerbaijan, March 20 By Elena Kosolapova – Trend: Kazakhs have today started voting to elect members for parliament and...

Flying Reimagined

Stock Index

Monday, October 15, 2018

Life Style

Photo Gallery

FEUILLETON