Italy-based Eni and UK-based Petrofac have drafted their own plans for building the first phase of a gas refinery at the Karachaganak field in Kazakhstan, Lyazzat Kiinov, head of Kazakhstan’s national oil ad gas company KazMunayGas, said at a cabinet meeting. According to Eni’s proposals, the refinery would be built in 2015-2019 at a cost of USD 4.9 billion, and according to Petrofac’s vision, it would be built in 2013-2016 at a cost of USD 2.5 billion.
KazMunayGas has said the refinery’s first train might be put into operation in 2019, and the second in 2023. It will be built in 2014-2018 after the consent of partners to the production-sharing agreement has been obtained and without harming KazMunayGas’s obligations to Russia as per their agreement on cooperating in the creation of a joint venture at Orenburg Oil Refinery. KazMunayGas estimates the cost of the Karachaganak refinery at USD 3.7 billion.
KazMunayGas has said the refinery’s first train might be put into operation in 2019, and the second in 2023. It will be built in 2014-2018 after the consent of partners to the production-sharing agreement has been obtained and without harming KazMunayGas’s obligations to Russia as per their agreement on cooperating in the creation of a joint venture at Orenburg Oil Refinery. KazMunayGas estimates the cost of the Karachaganak refinery at USD 3.7 billion.
