24 Sep 2009 13:18

Kazakhstan's KMG seeks partner for Pavlodar Oil Refinery

ASTANA. Sept 24 (Interfax) - Kazakh national oil and gas company KazMunayGas (KMG) is searching for a partner for the Pavlodar Oil Refinery in northern Kazakhstan, KMG President Kairgeldy Kabyldin told journalists in Astana on Thursday.

"We are considering such options. Geographically, Pavlodar Refinery is tied to oil shipments from Russia. We need a partner who would take on oil shipments," he said.

Kabyldin didn't say which company KMG is holding talks with on this issue.

KMG owns 100% of the Pavlodar Oil Refinery.

KazMunayGas is Kazakhstan's national operating company for exploration, production, refining and transportation of hydrocarbons and is the state's representative in the oil and gas sector. The company is wholly-owned by Samruk, the holding company that manages state assets.