Kazakhstan Plans to More Than Double Oil Refining Capacity by 2040
Source Summary
Kazakhstan's Energy Ministry announced a plan to increase the country's crude oil refining capacity from 18 million tons annually to 39 million tons per year by 2040. The expansion will be achieved through upgrades to existing refineries, which will reach 29 million tons per year, and construction of a new refinery adding 10 million tons per year. The plan is part of Kazakhstan's 2025-2040 government strategy to boost fuel output.
Why it matters
As an OPEC+ member and major crude producer, Kazakhstan's refining expansion directly affects regional fuel supply capacity and the country's ability to process and export refined petroleum products.
