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ANKARA - Kazakh Oil and Gas Company (KazMunaiGaz) is carrying out feasibility studies to build a refinery in Black Sea.
KazMunaiGaz wants to build the refinery to transfer Kazakh oil to Mediterranean.
The company, even if it cannot build a refinery, is positive towards a consortium with Russian Lukoil which formally applied to EPDK (Turkish Energy Market Regulatory Authority) to build a refinery in Turkish northern city of Zonguldak.
After collapse of Soviet Union, Kazakhstan has become one of the 20 countries that export most oil in the world.
Recently, Petrol Ofisi as well as Calik Energy and Indian Oil Corp. applied to EPDK to build refinery in Ceyhan (town of southern city of Adana).