Condensat JSC

Production of motor fuels, emission class K 5

Petrochemistry and oil refining

Funding status: On administration

Information about Condensat JSC

Project name Production of motor fuels, emission class K 5
Project description Expansion and modernization of  production at the result of which:
  • is carried out the production of premium fuel, corresponding to the standards of Euro - 5;
  • deepening the processing of the raw hydrocarbons with the aim of increasing the range of the finished products and extraction of additional volumes of white products;
  • covering the growing shortage of motor fuels on the domestic market and excluding the dependence of the western region of the Republic of Kazakhstan
The project is implemented within the framework of the State Program on Industrial and Innovative Development of the Republic of Kazakhstan for 2015-2019.
Borrower Development Bank of Kazakhstan JSC Condensat JSC
Final beneficiaries
 Dzintars Puzaks
Product
  1. K5 standard MT gasoline;
  2. K5 standard diesel fuel;
  3. Gas oil fraction;
  4. Vacuum gas oil;
  5. Tar;
  6. Technical sulfur
Structure of project financing Project cost Stage 1 – 168,6 mln $ (100%),
Stage 2 – 9 662 mln ₸ (100%)
Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies Stage 1 – Up to 120,000 thous. $ (71,16%)
  • Sublimit №1 – 77 068 thous. $;
  • Sublimit № 2 – 14 184 833 thous. ₸
Stage 2 – 7 120 mln ₸
Borrower's own participation Stage 1 – 48 631 thous. $ (28,84 %)
Stage 2 – 2 542 mln ₸
Participation in financing of the project of other creditors n/a
Terms of granting the financing instrument of Development Bank of Kazakhstan JSC Funding currency USD, Kazakhstani tenge
Type of financing instrument Medium- and long-term lending to investment projects
Rate of remuneration Rate of remuneration on loans:
Sublimit № 1 – 8,5 % in US dollars;
Sublimit № 2 – 7 % in KZ tenge
Loan term Stage 1 – Up to 11 years
Stage 2 – up to 10 years
Funding source Equity capital of «DBK» JSC, raised funds (including  funds from the National Fund of the Republic of Kazakhstan)
Additional Information Address Uralsk, D. Nurpeisova str., 15/1
Tel. 8 (711) 250-0435
Fax +7 (711) 251-2044
Website: www.condensat.kz, info@condensat.kz