KIOGE-2016

Modernization as a Driver of Kazakhstan’s Oil Refining Industry

#4 (100), September 2016 special issueModernization as a Driver of Kazakhstan’s Oil Refining Industry

Open competition has already established in Kazakhstan – the country joined the WTO; the Customs Union and the Eurasian Economic Community came into full force. Under these conditions, when the borders and the market are open, potential of an enterprise shall be determined by its competitiveness - whether it will remain at the regional scale or it will take a worthy place among the leading international companies. Modernization of Kazakh oil refineries shall be a response to the actual challenges, a driver for growing competitiveness of the industry.

Kazakhstan «downstream» in Europe

#4 (100), September 2016 special issueKazakhstan «downstream» in Europe

“KazMunayGas”, acquiring refineries in Europe few years ago, has set a difficult task: to develop advanced refining, to produce high-added value products, to bring Kazakh oil in the form of the finished product to the "fuel nozzles" at the gas stations. It was also important to show that Kazakhstan is capable of not only the extraction of crude oil, but also of the production of high quality petroleum products for Europe.