ASTANA, Kazakhstan, March 28. Kazakh oil company KazMunayGaz clarified the issue of privatizing shares in the Pavlodar and Atyrau oil refineries, Trend reports.
According to the company, the Agency for Protection and Development of Competition proposed privatizing the shares in the Pavlodar and Atyrau oil refineries with the goal of developing competition in the oil products market and reducing the presence of the quasi-public sector.
In response, JSC NC "KazMunayGaz" (KMG) stated that a thorough analysis of this proposal is currently being conducted.
"Preparation for such decisions requires significant time - both at the corporate decision-making level and in terms of technical and economic aspects. In practice, such processes take several years," the company commented.
Additionally, KMG is actively developing the oil and gas chemical industry in Kazakhstan and is open to cooperation with partners. Specifically, companies from both near and far abroad are being considered, including PJSC "Tatneft."
“As part of the partnership with Tatneft, there is an exchange of experience in technologies and production processes, as well as in organizing high-tech production at LLP Atyrau Refinery. PJSC Tatneft has expressed interest in investing in new petrochemical projects, such as the production of terephthalic acid and polyethylene terephthalate. All three domestic refineries show positive dynamics in production indicators, which indicates growth in efficiency and improved product quality,” underscored KazMunayGas.
KazMunayGas also noted that Kazakhstani refineries are demonstrating positive results. In 2024, the average output of light oil products increased to 74 percent, and the depth of refining reached 87 percent.
In 2024, 17.44 million tons of oil were processed at Kazakhstani refineries, and a decision was made to increase the production of light oil products by 370,000 tons in 2025.
