Kazakhstan Needs a Fourth Oil Refinery to Meet Its Growing Demand for Motor Fuel
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Kazakhstan is reportedly considering the development of a fourth oil refinery to meet its increasing demand for motor fuel. The country's oil refining capacity is expected to reach 40 million tons annually by 2033, with expansion works already underway at the Shymkent refinery. However, the country's oil production has recently decreased, with a nearly 20% drop in the first quarter, amid a complex global oil market.
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