Construction of the fourth refinery in Kazakhstan will cost $10 billion

Astana. March 5. Silkroadnews - Construction of the fourth refinery with the capacity of 10 million tons of oil refining will cost Kazakhstan about $10 billion, reports KazTAG citing Vice Minister of Energy Magzum Mirzagaliev.
"It is clear that the global statistics shows that plants with a capacity of less than 10 million tons of oil refining are unprofitable and inappropriate to build. Economy is standard today - the construction of the 4th refinery will cost about $10 billion, and, we have to figure out all the ways to get the payback",- he said.
"The Working Group is already studying the issue and I believe, for a few months probably we will need to order a feasibility study (FS), and the feasibility study everything will become clear", - said Deputy Minister.