Shymkent Oil Refinery Reconstruction and Modernization Project
zone
Cities
Shymkent
Kazakhstan
Cost
$1.8b
$1,800,000,000
Phases
operational, 2018
Objective
Description
Shymkent Oil Refinery Reconstruction and Modernization Project is one of the largest refinery modernization projects in post-Soviet Central Asia and a major example of Sino-Kazakh industrial-energy cooperation. Located in Shymkent in southern Kazakhstan, the project upgraded an aging Soviet-era refinery into a modern Euro-4/Euro-5-standard processing complex integrated into Kazakhstan’s broader energy-industrial modernization strategy.
History
The original refinery was built in the 1970s–1980s during the Soviet period and became technologically outdated after independence. Before modernization: refining depth was low, fuel quality was below modern standards, Kazakhstan still imported high-grade fuels despite being an oil producer. The modernization program formally began around 2011 under Kazakhstan’s State Program for Accelerated Industrial-Innovative Development.
Finance
$1000000000 loan
Exim Bank of China
Development bank
$607000000 loan
China Development Bank
Development bank
Operators
China National Petroleum Corporation
Company
KazMunayGas
Company
Contractors
China Petroleum Engineering and Construction Corporation