Kazakhstan wants to build oil refinery in Turkey for its oil - Nazarbayev

/REUTERS, Almaty, May 22, 06/ - Kazakhstan and Turkey agree about constructing oil refinery on shore of the Black Sea, where Kazakhstan oil will be delivered, said the president of Kazakhstan Nursultan Nazarbayev in interview to local television channels. "The entered engagement about construction of oil refinery by Kazakhstan investors on shore of the Black Sea in Turkey is very important," is said in text of interview, published on president's site www.akorda.kz. "That is, we will be able to transport crude oil from Novorossiysk to Turkey and sell refined product there". According to Nazarbayev's words, construction of oil refinery will allow to solve the problem, connected with insufficient carrying capacity of Bosporus strait. In nearest future Kazakhstan plans to substantially increase oil supply by CPC pipeline, which leads to Novorossiysk, Russian Black Sea port. "If we increase oil supply to Novorossiysk up to 67 m. tones, the additional 30-40 m. tones might not pass due to limited abilities of Bosporus," cites Nazarbayev's text. He did not name companies, which will be occupied with the construction of the oil refinery. Currently in Kazakhstan there are three oil refineries that work primarily for domestic market. The state company Kazmunaygas also tries to obtain Lithuanian plant Mazeikiu Nafta. [2006-05-22]