Kazakhstan Plans to Double Oil Refining Capacity by 2040
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Why it matters
Kazakhstan aims to double its oil refining capacity by 2040, with a mid-term expansion to 30 million tons per year by 2032, and a new large-scale refinery to be launched by 2040.
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Expected market reaction
Market impact analysis based on bullish sentiment with 81% confidence.
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- groq-llama-3.1-8b-instant
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- groq-llama-3.1-8b-instant
- Article id
- 17291
Original source
Kazakhstan plans to build a new large refinery and boost existing refining capacity to more than double its crude processing capacity by 2040, Energy Minister Yerlan Akenzhenov said on Tuesday. Last year, the refining processing rate of the OPEC+ oil producer was 18 million tons per year. Expansion of existing capacity will boost the oil refining volumes between 2025 and 2032, from the current 18 million tons per year to 30 million tons per year, the minister said. Then, by 2040, Kazakhstan plans to launch a new large-scale refinery…
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Original article published by OilPrice.com on December 2, 2025. Analysis and insights provided by AnalystMarkets AI.