By the OGJ Online Staff
HOUSTON, Dec. 6 -- Kazakhoil, the national oil and gas company of Kazakhstan, has awarded Marubeni Corp. and JGC Corp. a contract to modernize the 104,000 b/d Atyrau refinery.
Previously, Marubeni conducted a feasibility study for the project, and JGC and Marubeni began engineering work.
The $235 million modernization project includes the rehabilitation of the existing crude distillation unit and the construction of a naphtha splitter, naphtha hydrotreater, isomerization, diesel hydrotreater, and utility and offsite facilities.
Out of the total project cost, about $200 million will be financed by the buyer's credit from the Japan Bank for International Cooperation and the Nippon Export & Investment Insurance.
Goal of the project is to improve the quality of Kazakhoil's gasoline and diesel fuel, as well as to make the plant more efficient. The refinery processes light crude from Tengiz oil field.
