▲ Up
 
14:05 28-05-2015
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Kazakhstan to launch new GTL plant for processing associated gas

Bishkek (AKIpress) - associated gas The Ministry of Oil and Gas of Kazakhstan and the Compact GTL signed an agreement in construction of a GTL plant for the processing the associated gas into diesel fuel.

CompactGTL Chairman Tony Hayward and Minister Uzakbay Karabalin have signed a Memorandum of Cooperation to support the development and implementation of innovative associated gas processing technologies in Kazakhstan with the implementation of the world’s first commercially deployed small scale GTL plant.

“The plant is expected to bring with it significant future commercial and environmental benefits. Up to 820,000 cubic meters of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetize over 300 million cubic meters of gas,” said in the Compact GTL.

Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology. Kazakhstan is a major producer of oil and is also one of the leaders globally in seeking to use new technology to bring environmental benefits to the country. The new GTL plant will contribute to President Nazarbayev’s “Strategy of innovative development of Kazakhstan until 2020” by creating a local high technology industry that processes associated gas to produce fuels for local consumption. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s technology and plant design.


Twitterfacebookprint
14:13 25.03.2014
LATEST NEWS
14:02 Freedom of speech must be limited when state's reputation may be damaged – MP14:02 Kazakh-Austrian business forum held in Vienna13:45 Kazakhstan’s pavilion in Expo Milano 2015 one of most popular: EXPO commissioner13:42 Kyrgyzstanis win silver medal of WDSF Asian Pacific Championship13:13 FIFA chief Blatter faces questioning over 'corruption'13:06 China allocates $6 mln for military uniforms, Defense Minister says12:59 S&P revises its outlook on Kazakhstan-based Eurasia Insurance Co. to 'positive'12:28 Parliament considers ratification of agreement on provision of grant worth $22 mln to education system12:02 Judge refuses to consider suit of social activists into unconstitutionality of compulsory biometric registration12:01 Baiyshbek Jumanazarov appointed to position of Talas region governor11:56 MP Bakir uulu calls LGBT and Jewish community organizations in Kyrgyzstan provocateurs11:53 Authorities launch probe after cannabis found growing in flowerbeds in center of Astana11:49 Finance Ministry forecasts increase in share of gross investment up to 35.6%11:44 Kyrgyzstan's veterinary sector not ready for EEU standards, MP says11:40 OTRK's content boring, uninteresting for youth – MP believes11:38 Naryn hosts rally against tobacco11:21 70 thousand words translated to introduce Kyrgyz language in Google Translate service11:15 Commander of Tajik special police unit confirmed that he joined ISIS11:10 Last bell to ring for graduating pupils tomorrow in Bishkek11:02 MPs ask Government to reconsider issue of registration of right-hand vehicles
Astana
+21° C
Ashgabat
+35° C
Bishkek
+28° C
Dushanbe
+28° C
Tashkent
+31° C
exchange rates
 
63.51
58.16
9.43
1.14
202.88
185.80
29.96
3.62
6.83
6.27
1.01
0.13
2710.18
2512.73
405.44
50.01
3.82
3.50
0.56
0.07

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75