9 Dec 2011 14:42

Kazakhoil Aktobe commissions gas refinery

ALMATY. Dec 9 (Interfax) - Kazakhoil Aktobe JSC has put into production gas refining facilities at the Alibekmola and Kozhasai oilfields.

Aktobe Region Mayor Archimed Muhambetov presented the project at the national teleconference.

The project cost was 41.7 billion tenge (147.64/$1).

The project of the gas-processing complex consists of an associated gas processing plant at the Alibekmola oilfield and a gas treatment plant at the Kozhasai oilfield (both are located in the Aktobe region, western Kazakhstan).

The implementation of the project will allow the company to process 400 million cubic meters of associated gas and produce 320 million cubic meters of dry commercial gas and 57,000 tons of liquefied gas (propane/butane mix) per year. The gas will be sold both on the domestic market and abroad.

The gas refining complex project, the largest in the company's history, will fully resolve gas utilization problem.

The shareholders of Kazakhoil Aktobe are national company KazMunayGas and Caspian Investments Resources Ltd. (controlled by Lukoil Overseas and Mittal Investments). The company has been developing the Alibekmola and Kozhasai oilfields since 1999.