Modernization of Shymkent refinery and Shardara HPP will be completed till the end of 2017.It was announced during a working trip of the CEO of “Samruk-Kazyna” JSC Umirzak Shukeyev to the objects of the Fund’s group of companies in South Kazakhstan region.

The projects of “Samruk-Kazyna” JSC group of companies are included in the State Program of Forced Industrial and Innovative Development of Kazakhstan. The project for modernization of Shymkent refinery (“PetroKazakhstan Oil Products” LLP) is implemented by JSC NC “KazMunayGas”, project for modernization of technological equipment of ShardaraHPP-“Samruk-Energy” JSC.

In addition, the Fund’s group of companies realizes another priority project in the region-construction of the Transport and logistics center JSC NC “Kazakhstan Temir Zholy” in Shymkent.

The Head of the Fund visited construction site and familiarized with introduced modernization objects at the refinery: installation of hydro-treating diesel fuel and installation of sulfur production. The modernization will significantly improve the quality of the production, its ecological compatibility and ensure the production of supergrade fuel that meets the requirements of the ecological class K5 (analogue of Euro-5 in the Customs union countries). After the completion of modernization and reconstruction of “PetroKazakhstan Oil Products” LLP in late 2017, it is expected to increase oil volume from 5 to 6 million tons per year. Modernization of all three refineries of Kazakhstan will provide import substitution in the market of automotive fuel of Kazakhstan by 2018.

In turn, modernization of all four hydroelectric units of Shardara HPP will increase its installed capacity by 26%, production and safety of the station exploitation.

New transport and logistics center is located 2 km from the international airport of Shymkent, 4 km from the international highway «Western Europe - Western China» and 500 meters from the Trans-Asian Railway. Its total area is 230 sq.m. The project is necessary to centralize the flow of export of fruits and vegetables, meat and melon production. The transport and logistics center will also provide the distribution function of the goods imported from China and Russia for the southern regions of Kazakhstan, which reduces the cost of goods for consumers. Currently, most of the work on the project has been completed; the center will be put into operation in October 2016.

At the working meeting, CEO of the Fund U. Shukeyev noted the need for timely execution of works according to established schedules and important role of the projects in economic diversification of Kazakhstan.