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Based on 2023 findings, Atyrau Refinery to reduce production of aromatics

DOWNSTREAM CENTRAL ASIA AND CASPIAN

Based on 2023 findings, Atyrau Refinery to reduce production of aromatics

Last year, the Atyrau Oil Refinery reduced production aromatic hydrocarbons in order to increase the yield of light petroleum products to supply the domestic market with motor fuel, "Ak Zhaiyk" reports.

Source: Rupec

As such, paraxylene production at the Atyrau Oil Refinery fell to 18 thousand tons last year, compared to 76 thousand tons in 2022. Benzene production increased to 25 thousand tons, compared to 6.5 thousand tons in 2022.

Traders note that the export of aromatic hydrocarbons will improve the profitability of oil refining for toll processing at the Atyrau Refinery, as paraxylene is a product with high added value. Paraxylene produced in the Atyrau Refinery is exported through a terminal in Kulevi on the Black Sea coast of Georgia to be delivered by sea to China.

In Q1, the Atyrau Refinery plans to produce paraxylene and benzene as there is still a surplus of gasoline and diesel, one source said whilst adding that the production of aromatics will also depend on the stable operation of the plant.

As a reminder, KazMunayGas and the Chinese company, Sinopec, signed an agreement last year to develop a preliminary feasibility study for a project to produce terephtalic acid (TPA) and polyethylene terephthalate (PET) in Atyrau with a production capacity of up to 735 thousand tons of PET per year. The main raw material will be paraxylene produced at the Atyrau Oil Refinery.