Halyk Finance has reviewed the new refinery industry concept for oil prepared by the Ministry of Energy and has become very skeptical about the agency’s plan to produce enough oil products for the domestic market by 2050. The company’s analysts also doubt that the ministry would be able to boost petroleum product exports to 10% by 2050.
According to Murat Temirkhanov, advisor to the CEO of Halyk Finance, the draft concept of the refinery industry development until 2050 doesn’t address key problems of the industry and directly contradicts the president’s edict on economic liberalization.
«The government...