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  • Lukoil opened lube oil manufacturing plant in Almaty rgn
20 September, 2019 17:17

Lukoil opened lube oil manufacturing plant in Almaty rgn

As part of a working visit to Almaty region, Kazakh Prime Minister Askar Mamin and Lukoil President Vagit Alekperov opened a lube oil manufacturing plant Lukoil Lubricants Central Asia in Ili district, Strategy2050.kz informs with reference to a website of the Kazakh Prime Minister.

Lukoil opened lube oil manufacturing plant in Almaty rgn | Strategy2050.kz

In his speech, the head of Cabinet noted that the opening of the plant in Kazakhstan by Lukoil that so far has invested $9.5 billion in the country’s hydrocarbons sector complies with the current vector of the oil and gas sector’s development, namely the transition from raw materials to refined products.

The plant is capable of producing 100 thousand tonnes of products each year, that is, over 800 types of oil. It is expected that the plant will provide the Kazakh market and Central Asian markets, China, Afghanistan and Mongolia with lubricants. And, the transport highway West Europe – West China laying in the proximity of the plant will contribute to logistic processes.

Investment attracted to the plant’s construction and equipment total at $94 million, which was built according to the Kazakh legislation and norms of international law in industrial security, labour and environment protection.

Lukoil and KazMunayGas signed an agreement to jointly study sites throughout Kazakhstan.

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SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

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95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan