Kazakhstan sovereign wealth fund Samruk-Kazyna and the China Nationwide Petroleum Company (CNPC) are collaborating to additional develop Kazakhstan’s oil and fuel trade, in response to a information launch from the fund.
In a gathering in Astana, Samruk-Kazyna mentioned that Kazakh nationwide oil agency KazMunayGas (KMG) and the CNPC will work collectively on growing the capability of the Kenkiyak-Atyrau and Kenkiyak-Kumkol pipelines, that are used to move Kazakh oil to China. The companies are focusing on to develop the throughput capability of the Kenkiyak-Atyrau pipeline to 12 million metric tons per yr from six million metric tons per yr, and the Kenkiyak-Kumkol pipeline to fifteen million metric tons per yr from 10 million metric tons per yr.
KMG mentioned that 4.5 metric tons of oil have been pumped by way of Kenkiyak-Atyrau and eight.1 million metric tons of oil by way of Kenkiyak-Kumkol in 2022. KMG CEO Magzum Mirzagaliyev had mentioned that the growth of the Kazakhstan-China oil pipeline would value about $200 million and ought to be accomplished in two or three years, in response to an earlier assertion. Mirzagaliyev mentioned the mission might enhance Kazakh oil exports to twenty million metric tons from the present output of 1 million to 2 million metric tons.
CNPC and Kazakhstan nationwide fuel firm Qazaqgas will even create a joint working group to construct the second line of the Beineu-Bozoi-Shymkent fuel pipeline with a capability of 529.72 billion cubic toes (15 billion cubic meters) per yr, in response to the information launch. The pipeline transports fuel to the southern areas of Kazakhstan, in addition to to China.
The working group will full a feasibility research and decide preliminary sources of mission funding by December 31, 2023. The group will even goal the development of a fuel processing plant at Kashagan with a capability of 141.259 cubic toes (4 billion cubic meters) of fuel per yr, in response to the discharge.
Samruk-Kazyna and CNPC are additionally discussing plans to extend manufacturing on the Shymkent refinery by six million tons per yr, the fund mentioned.
Wind Energy Plans
In separate information releases, Samruk-Kazyna mentioned that Kazakhstan is constructing one-gigawatt (GW) wind energy crops within the Dzunghar Gate space and the Zhambyl area, respectively. The ability crops will every have an electrical energy storage system.
The Dzunghar Gate wind plant will likely be constructed collectively with Saudi Arabia’s ACWA Energy, whereas the Zhambyl wind plant will likely be constructed collectively with China Energy Worldwide Holding,
ACWA Energy is a developer, investor, and operator of energy technology and desalinated water crops with 77 property in operation, building, or superior improvement throughout 12 nations. The corporate has invested round $78.2 billion in its tasks, which have a complete capability of round 50.4 GW, in response to the information launch.
China Energy Worldwide Holding is a subsidiary of State Energy Funding Company, based in Hong Kong in 2004. The corporate focuses on the event, building, operation, and administration of enormous energy grids in China.
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