Kazakhstan plans to significantly increase its oil refining capacity. The combined capacity of the country’s three existing refineries is expected to rise from the current 17.5 million tonnes to nearly 29 million tonnes per year. By 2030, the Shymkent refinery is expected to double its capacity from 6 million to 12 million tonnes, while the Pavlodar refinery is set to increase its capacity from 6 million to 9 million tonnes. At the Atyrau refinery, capacity could reach 6 million tonnes. In addition, Kazakhstan is considering the construction of a fourth large-scale refinery. In the long term, the country is expected to need around 40 million tonnes of annual refining capacity. The development of the sector was discussed at a meeting chaired by Prime Minister Olzhas Bektenov. He instructed officials to determine the key parameters of the fourth refinery by the end of the year, including its capacity, location, feedstock base and economic model. Particular attention should also be paid to the timeline for modernizing existing refineries and ensuring the supply of petroleum products to the domestic market.
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