Kazakhstan and Japan sign $297.5 million loan agreement
2012-08-09 16:25:08
Kazakhstan signed $297.5 million loan agreement with Japanese Bank for International Cooperation and the Bank of Tokyo Mitsubishi UFJ in Tokyo to construct a deep oil refining complex at the Atyrau Oil Refinery.
The construction project is the final stage of reconstruction of Atyrau Oil Refinery. This project is designed to process 2.4 million tons of raw materials (oil, vacuum gas oil) per year. The contract for construction of the oil-deep processing plant was signed on December 29, 2011 by Atyrau Oil Refinery and the Consortium that included Sinopec Engineering (China), Marubeni Corporation (Japan) and KazStroyService (Kazakhstan). The cost of the project is $1.679 billion. Project implementation period is 41 months.