In 2013 Kazakh oil refineries refined 14,296 million tons of crude oil, reported Novosti-Kazakhstan news agency referring to the materials of the expanded session of the Kazakh Ministry of Oil and Gas in Astana attended by Premier Serik Ahmetov.
According to the same materials, three oil refineries – Atyrau, Shimkent and Pavlodar – have ensured this volume of refining.
According to the Ministry, last year 2,688,000 tons of gasoline (94% against 2012), 4,075,000 tons of diesel fuel (98.7% against 2012), 3,473,000 tons of black oil (97.2% against 2012) and 408,000 tons of aviation kerosene (97.1% against 2012) was produced of total volume of refined oil.
Oilnews.kz reported that the reason of reduction of oil refining and oil products manufacture is uncontrollable import of light oil products, which has led to reduction of volume of shipment from Kazakh oil refineries and as a result overstocking of reservoir parks of the refineries.
Since May 2013 the Kazakh government has introduced the limit to delivery of oil products from Russia.—0—
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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