/KASE, March 18, 11/ - National Company KazMunayGaz (Astana), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release of March 17, 2011:
quote
On March 17 this year K. Kabyldin, the Chairman of the Management Board of
NC KazMunayGaz met up with staff of Embamunaigaz (an operating arm of
KazMunaiGas Exploration Production), Atyrau Oil Refinery, West branch of
KazTransOil where KazMunayGaz Group's 2010 performance was summarized and issues
related to the implementation of the President's Message to the people of
Kazakhstan - "Let's build the future together!" - were discussed.
While presenting his report on main results, K. Kabyldin, Chairman of the Board
of KazMunayGaz stressed that the KazMunayGaz Group did well over what was
planned for 2010.
Following Kazakhstan Government's resolutions - "On Approval of the
Comprehensive Plan for Development of Oil and Gas Industry in the Republic of
Kazakhstan for 2009-2015" and "On Approval of the Program of Development of
Oil and Gas Industry in the Republic of Kazakhstan for 2010-2014", NC
KazMunayGaz works on modernization and reconstruction of the Atyrau Oil
Refinery.
The implementation of the "Reconstruction of the vacuum block of the CDU/VDU
unit and slow carbonization unit" project will enable the Atyrau Oil Refinery to
increase the output of vacuum gas-oil to 800 thousand tons a year, petrol
component - to 161 thousand tons a year, diesel oil - to 308 thousand tons a
year. The project nears its finish stage, and the operation start is scheduled
for 2nd quarter 2011.
Another project - "Construction of an Industrial Plant for Production of
Aromatic Hydrocarbons" - envisages stepping up the production of high-octane
petroleum and diesel meeting the Euro-3, and start of production of components
for petrochemical industry (benzene and paraxylene). The project is supposed to
be completed in 2013.
With a project named "Construction of a Complex for Deep processing of oil" the
NC KMG is planning to increase the output of high-octane petroleum, aviation
fuel and diesel, to reach a depth of processing of as much as 87%, and to bring
the quality of motor fuels to the Euro 4 and 5. The implementation is going to
be finished in 2015.
unquote
The full version of this press-release is available on KASE website, at
http://www.kase.kz/files/emitters/KMGZ/kmgz_reliz_170311.pdf
[2011-03-18]