SG:Kazakhstan may send crude to China for processing
Bloomberg citing Mr Sauat Mynbayev.Oil and Gas Minister of Kazakhstan as saying that Kazakhstan may send as much as 1.5 million tonnes of crude a year to refineries in China under so-called tolling arrangements.
He said that Kazakhstan is in talks with China about processing the crude in Chinese refineries to reduce its dependence on gasoline supplies from Russia. That will help the Caspian country to combat rising fuel prices.
In a tolling arrangement a company provides the feedstock and collects the finished product, paying a fee for processing.
