Issues on SOCAR’s refinery construction in Kyrgyzstan soon to be resolved

The major issues in the construction of SOCAR's refinery in Kyrgyzstan will be resolved within the next two months, Kyrgyz Oil Traders Association President Zhumakadyr Akeneev said.

"I think that all major negotiating processes will be completed within two months," he told Trend on Tuesday.

He said that at present, there is relative calm in the negotiation process, which is associated with the summer period.

A meeting of Azerbaijani-Kyrgyz intergovernmental commission is expected to be held in August. At present, the meetings are being held, that is, the work in this direction is underway, he said.

The Kazakh side (which is expected to supply oil to the refinery) will join the negotiation process when the Azerbaijani-Kyrgyz intergovernmental commission and the working group actively works.

"If SOCAR's plant is built in Kyrgyzstan and a Chinese refinery is commissioned, their products, along with Russian, and perhaps, Kyrgyz goods will fully satisfy the country's needs for petroleum-based fuels," he added.

He added that the country will produce a sufficient volume of petroleum-based fuels, that will meet the country's demand, is the main positive aspect of the refinery construction in Kyrgyzstan. This will allow solving the issue of energy supply security.

The agreement on SOCAR's refinery construction in Kyrgyzstan was reached by the parties on January 19 at a meeting of Kyrgyz President Almazbek Atambayev and SOCAR president Rovnag Abdullayev.


/Trend/