The European Bank for Reconstruction and Development (EBRD) will finance a $80 million-equivalent loan to help Kazakhstan upgrade the wastewater treatment facilities at the Atyrau oil refinery, the bank said on June 3, noting that nearly 300,000 inhabitants of Atyrau in western part of the Central Asian country will enjoy major environmental benefits.

The remediation work is the result of a long-term engagement between the EBRD and the refinery that combines financing and reforms aimed at reducing the environmental impact of the plant’s operations, the EBRD said.

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