Page 20 - FSUOGM Week 45

FSUOGM NEWS IN BRIEF FSUOGM

Kazakh oil output at 1.4mn Uzbekistan launches new also plans to launch production of AI-92
gasoline.
bpd in October fuel standards

Oil output in Kazakhstan, excluding Uzbekistan’s Ferghana oil refinery has started VEB.RF to allocate €40mn
condensate production, amounted to 1.4mn producing Euro-4 and Euro-5 diesel fuel, the
barrels per day in October, according to energy ministry said on November 6. to finance hydrocarbon
official preliminary data. “The launch of production of the Euro
Kazakh Energy Minister Nurlan Nogayev 4 and Euro 5 fuels from November 5, 2020, projects in Uzbekistan
said on November 9 during a working trip will mark the completion of the first stage of
to oil-producing Mangistau Region that the modernisation of the $300mn plant,” it Uzbekistan's state-owned oil and gas company
Kazakhstan has almost completely fulfilled said in a press release. Uzbekneftegaz has raised a €40mn credit
its obligations under the OPEC + agreement. The project is being implemented in line from Russia's Vneshekonombank (VEB.
The plan for oil production in 2020 was cooperation with French company Axens. RF) for projects to increase hydrocarbon
reduced from 90mn tonnes to 85mn tonnes The plant is designed by and linked production, the press service of the holding
under the global oil output cut pact that was to factory facilities of Toyo Engineering said on November 5.
formed as oil prices weakened due to the Corporation (Japan). It has a design capacity Funds will be used to purchase Russian
coronavirus (COVID-19) pandemic. of 1.7mn t/year. equipment and provide services in the field of
“Kazakhstan is closely cooperating with Euro 4 and Euro 5 diesel fuels have a exploration and drilling operations.
OPEC +. The level of fulfilment of the number of advantages, including: Funding will allow drilling launches at 150
obligations of the OPEC + agreement was 99 * reduced vehicle wear: wells and major repairs required at existing oil
percent,” the minister said. * improved fuel combustion and reduced and gas fields in Uzbekistan in 2021.
“Thanks to the agreement of the oil consumption; According to the state statistics committee
exporting countries, we were able to * reduced noise, vibration, and corrosion. of Uzbekistan, gas production in January-
maintain a balance in the oil and oil products In addition, Ferghana refinery is to start September this year fell by 19.6% to 44,878bn
market, prevented an emergency shutdown mass production of winter diesel fuel not cubic metres. Oil production, on the contrary,
of certain fields. 2020 was a test for the entire produced in the country as yet. expanded by 5.4% to 553,400 tonnes.
oil industry,” Nogayev added. In addition to low-temperature surface Eleven investment projects worth some
The Kazakh government has introduced a hardening properties, this fuel has improved $1.5bn are currently under way in the
number of administrative and tax measures performance properties that will ensure high country in the framework of the investment
aimed at supporting oil-producing firms.. power and efficiency of engines and easy programmes.
pumping through fuel lines.
As part of the modernisation, the plant

P20 www. NEWSBASE .com Week 45 11•November•2020