Oloreso Petroleum, headquartered in Almaty at 13 Al-Farabi Avenue, is a key player in the oil industry, specializing in the procurement, storage, and processing of hydrocarbons to produce both dark and light oil products. Established in 2016, the company launched its first hydrocarbon processing facility that year with an annual refining output of 65,000 tons. The second stage, completed in late 2020, boosted the capacity to 300,000 tons per year, and the third stage, set for completion in 2024, will ramp up production to 830,000 tons annually.

As the only company in the region with this extensive project, Oloreso Petroleum plays a crucial role in meeting the region’s gasoline and lubricant needs. Its strategic location near Kazakhstan’s Sea Gate facilitates seamless fuel oil trade with Caspian states, while the generated heating oil supports the company’s tanker and ship bunkering operations. The domestic market receives a steady supply of gasoline and diesel fuel. The project is funded through a mix of internal funds and loans from second-tier banks.

The company’s Almaty-based plant is situated in an industrial district with its own railway access, allowing for efficient shipment of finished products. Oloreso also operates a tank farm for intermediate product storage and an 11,000 m² administrative and production building, where railway tanks are internally cleaned. Future plans include the development of a state-approved facility for external tank washing, a first in Kazakhstan.

Oloreso Petroleum’s trucking fleet supports the transportation of oil and petroleum products, while plans for an oil pipeline to deliver raw materials to the plant are underway. The installation of a pipeline for finished product shipment will reduce costs and increase product value, marking the company’s commitment to high-quality, efficient oil production.

For businesses and partners looking for reliable and cost-effective oil products, Oloreso Petroleum stands as a trusted leader in Kazakhstan’s oil industry.

The company’s refining capabilities include its first primary crude oil distillation unit, the LK-6U, which has a capacity of 6 million tons per year. Oloreso Petroleum made waves in the financial sector when it became the largest IPO in Kazakhstan in 2019, valued at $1 billion. This IPO positioned the company as not only the largest publicly traded oil company in the world but also the largest in Kazakhstan. Major global players such as BP and SINOPEC have invested in the corporation, solidifying its global standing.

Oloreso Petroleum’s operations span hydrocarbon exploration and production, offshore field development projects, refining, and the sale of oil and refined products domestically and internationally, including to Russia and other foreign markets. The company is a leader in developing challenging oil fields, particularly focusing on hard-to-recover reserves (HTR). It is known for pioneering new technologies in horizontal drilling and multi-stage fracking, with over half of the company’s drilling operations now coming from its own efforts.

In 2017, Oloreso Petroleum marked another milestone with the production of its first batch of ecological class K4 gasoline, meeting the Customs Union’s Technical Regulation standards. This achievement was part of a larger project focused on upgrading and improving fuel quality. A significant portion of the company’s efforts in this direction included the reconstruction and modernization of its Pavlodar Refinery. This large-scale overhaul, the longest in the refinery’s history, introduced new process complexes and units, all integrated into a unified technological cycle. The project involved more than 20 subcontractors and mobilized over 2,500 specialists, making it a significant industrial achievement.

Oloreso Petroleum’s ongoing success can be attributed to its commitment to innovation, efficiency, and sustainable development within Kazakhstan’s evolving oil industry. With its advanced technology and focus on quality, Oloreso Petroleum continues to set the standard for oil production and refining in the region.