National Company KazMunayGaz (Kazakhstan) announces resumption of production at Petromidia site
/KASE, December 24, 10/ - National Company KazMunayGaz (Astana), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided to KASE the
following press-release of December 23, 2010:
National Company KazMunayGaz announces a successful resumption of operation of
facilities at Petromidia site after completing scheduled capital repairs on
November 1. The total investment made during the repair works period
(September 20- November 1), has made up more than USD43 m.
- It was a large-scale operation carried out by Rompetrol Rafinare and Rompetrol
Petrochemicals (parts of The Rompetrol Group). Based on the repair done The
Rompetrol Group now plans to increase the oil refinery's capacity to over
5 million tons a year, raise the operational efficiency and safety levels at the
plant and in the petrochemical complex, - says A. Nikolchoyu, The Rompetrol
Group's Vice-President for Oil Refinery and Petrochemistry.
Among important projects implemented during the repair works, there is the
upgrade of the catalytic cracking facility allowing the company to increase the
output, as well as the automation of compressors and integration of new systems
monitoring the facilities' efficiency. Another significant achievement is the
reconstruction of the gas desulphurization and sulfur production unit in accord
with the planned capacity of over 5 million tons of raw material a year, which
is going to secure a 30% rise in sulfur production.
Another goal of the repairs was creation of prerequisites for integration of
future facilities into the operational flow of the oil refinery (soft
hydro-cracking unit, hydrogen production unit and a new sulfur production
Rominserv - the general contractor of The Rompetrol Group has coordinated the
job, mobilizing 52 companies and 3,100 persons. At the oil-refinery and in the
petrochemical complex works have been done on 600 units and 2,000 pipelines,
more than 400 devices have been set up, 61 new project has been implemented.
The capital repairs were completed on November 1, just in time, whereupon a
stepwise launch of units began in accord with operation flows of the Group's
both companies. At present, the facilities are up and running well and are
operating in a normal technological rhythm, - added A. Nikolchoyu.
Corporate Communications and Public Relations Department
The Rompetrol Group
National Company KazMunayGaz
Republic of Kazakhstan, 010000, Astana, Kabanbai batyr str., 19
tel. +7 (7172) 97 63 40, fax: +7 (7172) 97 63 29