OIL REFINING
In the oil refinement process, catalysts play a crucial role. The sole oil company, Qazaqstan Marine Fuels, LLP, produces catalytic cracking catalysts internally, but its annual production capacity falls short of the refinery's requirements. Additionally, many other oil refineries in Kazakhstan rely on the importation of hydro-process catalysts, which encompass hydrocracking and hydrotreating. To foster the development of a new industry, Qazaqstan Marine Fuels, LLP is actively promoting the domestic production of catalysts within Kazakhstan.
The Ministry of Energy in Kazakhstan has announced a nationwide initiative regarding hydrocracking products. In recent years, the company has concentrated its refining activities on delivering high-quality petroleum products to the market. Through the progressive enhancement of its refineries, Qazaqstan Marine Fuels, LLP has successfully diversified its product range, elevated the quality of its offerings, and increased its competitiveness. This initiative represents the most significant restoration project undertaken in the oil refining sector of Kazakhstan.
WHOLESALE OF PRODUCTION
Qazaqstan Marine Fuels, LLP provides crude oil, natural gas, and petroleum products in both domestic and international markets, ensuring that supply channels are effectively diversified to meet market demands. The company possesses pipelines, transshipment facilities for crude oil and petroleum products, and various other assets that contribute to minimizing transportation expenses. With a robust infrastructure and a strategic marketing approach, Qazaqstan Marine Fuels, LLP is well-positioned to market petroleum products in both local and global arenas. The company has successfully increased its petroleum export sales to million tons.
To enhance the proportion of high-margin channels within the overall sales framework, the company closely examines the profitability of its oil monetization channels. With the anticipated increase, the company expects to account for million tons of oil refinery deliveries. The acquisition significantly contributed to the growth in supply volumes. The company has augmented its supply of its own oil to plants, achieving a percent participation.
PETROLEUM DRILLING & MANUFACTURING
Enhancing and strengthening the Company's resource base constitutes one of its key strategic goals. The robust resource base ensures the attainment of hydrocarbon production targets and the ongoing execution of production activities. The Company actively replenishes its gas and oil reserves through extensive exploration efforts and the expansion of its license portfolio. The Company's fields and licensing blocks are situated in Kazakhstan. To improve its operational efficiency, the Company emphasizes the adoption of innovative technologies and equipment for exploration. It also considers working with development institutes that do research and design to support its operations.
Supervised by Qazaqstan Marine Fuels LLP, the Company is dedicated to sustaining production levels in the upstream sector that strike a balance between economic efficiency and the prudent management of mineral resources. Qazaqstan Marine Fuels LLP, continues to uphold production levels in mature fields while proactively exploring more difficult-to-recover deposits. The Company is also in the process of establishing new oil production hubs and simultaneously developing promising areas. In recent years, the Company has achieved stable oil output by focusing on enhancing its oil recovery factor, which ranks among the highest in the country.
Gas Production
The function of Qazaqstan Marine Fuels LLP, which encompass gas production and transportation, along with the enhancement of its processing capacity and electricity generation at its own power facilities, receive significant focus. To ensure optimal performance in the utilization of associated petroleum gas, the latest technology is utilized in the oil and gas sectors. An integral component of a comprehensive system for the collection and utilization of gas is the processing of associated petroleum gas.
The advanced gas processing facility operated by the company is capable of generating liquid hydrocarbons and dry stripped gas, both of which play a significant role in Kazakhstan's commercial and industrial sectors. The facility is dedicated to producing high-quality products that comply with the technical specifications of the Customs Union as well as the regulatory standards set by the government of Kazakhstan. Prioritizing gas production and distribution, the enhancement of processing capacity, and the generation of energy at its own power plants are key objectives for Qazaqstan Marine Fuels LLP.