Kazakhstan to implement several major strategic projects in 2015

Baku, Azerbaijan, Jan. 21

By Elena Kosolapova - Trend:

The companies as part of Kazakhstan's Sovereign Wealth Fund Samruk-Kazyna joint-stock company, will complete a number of large investment projects in 2015, Financial Officer, Member of the Fund Board Nurlan Rakhmetov told Trend.

"In particular, the Beineu Bozoi Shymkent gas pipeline will be constructed in 2015," he said. "It will supply gas from the west to the south of Kazakhstan. This gas pipeline will solve the problem with gas shortage in the south of the country. At present, the gas is purchased in Turkmenistan and Uzbekistan to provide the southern regions of Kazakhstan. The reason is a lack of gas pipelines that could have delivered gas from the Kazakh fields."

Moreover, an aromatic hydrocarbon complex will be constructed at the Atyrau refinery in 2015.

A mobile drilling rig is to be constructed and a sulfur granulation production base is to be established in the KazMunaiGas national oil and gas company in 2015.

An automated electric traction supervisory control system will be introduced in Kazakhstan Temir Zholy (Kazakhstan Railways) in 2015.

The company Samruk-Energo also plans to build a new substation Turksib in Almaty in 2015.

In total, the group of companies Samruk-Kazyna has about 60 large investment projects on the agenda, according to Rakhmetov. Their total value is about $146 billion, and it includes both already being implemented projects and the prospective ones that are actively being worked out.

He said that the most priority areas for development are mining, petrochemical and chemical industry, power industry and the real estate sector The main investment projects are being implemented in these areas, according to the financial director of the fund.

He said, in particular, the mining company Tau-Ken Samruk intends to import to Kazakhstan new technologies for exploration, production and processing in the mining sector.

The company launched a refinery in 2013 and according to the strategy of the Tau-Ken Samruk, if it develops successfully, there will be a possibility to increase the reserves of copper by 4.5 metric tons, zinc - by 8.6 million metric tons, lead - by 10 million metric tons, and iron - by 3 billion metric tons.

The petrochemical and chemical industries see the realization of the production of basic chemical products, and the fund's companies are provided with the chemical materials and reagents.

For instance, the nuclear company Kazatomprom has great need for sulfuric acid and caustic products. All of this is to be provided by the United Chemical Company. But the UCC's biggest project is the production of polypropylene and butadiene.

In the electricity sector, the Samruk-Kazyna Fund seeks to increase the capacity of the company Samruk-Energo so that it will give 50 percent of the country's electricity. In addition, Samruk-Energo is to become a national operator in coal mining.

Regarding the sphere of real estate, the Real Estate Fund is expected to commission around 1,085,000 square meters of real estate (some 50 percent of residential and 50 percent of commercial real estate) by 2024.

Moreover, Real Estate Fund is expected to engage in the tourism activity. The Kazakh government regards the Real Estate Fund as one of the tools for developing the tourism sphere in the country.

Samruk-Kazyna National Welfare Fund was created in accordance with the decree of the President of Kazakhstan in 2008 to improve the competitiveness and sustainability of the national economy.

It brings together almost all state-owned assets of Kazakhstan and manages these assets on behalf of the government. KazMunaiGas NC JSC, the railway operator - Kazakhstan Temir Zholy JSC, Kazakhstan Electricity Grid Operating Company JSC (KEGOC), communication operator Kazakhtelecom JSC, Kazatomprom JSC National Atomic Company are among these assets.

Edited by CN


Follow the author on Twitter: @E_Kosolapova

For many years, Turkmenistan and Azerbaijan consistently developing relations in widest range of directions - President of Turkmenistan
For many years, Turkmenistan and Azerbaijan consistently developing relations in widest range of directions - President of Turkmenistan
Signing of Memorandum marks fundamentally new stage in energy cooperation between Turkmenistan and Azerbaijan in Caspian Sea - President of Turkmenistan
Signing of Memorandum marks fundamentally new stage in energy cooperation between Turkmenistan and Azerbaijan in Caspian Sea - President of Turkmenistan
Construction of KAMAZ service centers in Turkmenistan to allow implementation of new projects
Construction of KAMAZ service centers in Turkmenistan to allow implementation of new projects
Loading Bars
Export of cigarettes from Georgia to Azerbaijan down
Kazakhstan boosts petroleum oils exports volume to Croatia
Big part of lending for households in Azerbaijan accounts for national currency
EU Parliament President: EU to support Georgia in fight against Covid-19
Number of new COVID-19 cases up in Kazakhstan
New joint projects between Azerbaijan, Russia to increase mutual trade turnover
Brazil sees 1,316 new COVID-19 deaths
Azerbaijani oil & gas sector sees more investments in 2020
8 die in blast in India's Karnataka state
Algeria reports 246 new COVID-19 cases, 104,852 in total
Biden lays out plans for COVID-19 testing, vaccinations and masks
48 arrested in anti-mafia operation in Italy
Two megaprojects to be launched in Iran’s petrochemical sector
Czech parliament extends state of emergency until Feb. 14
Vehicle re-export from Georgia down in 2020
Azerbaijan unveils data on production of vehicles for 2020
France boosts imports of petroleum oils from Kazakhstan
Turkish firm develops quick sterilization device against COVID-19
For many years, Turkmenistan and Azerbaijan consistently developing relations in widest range of directions - President of Turkmenistan
Signing of Memorandum marks fundamentally new stage in energy cooperation between Turkmenistan and Azerbaijan in Caspian Sea - President of Turkmenistan
Transport and logistical cooperation between Azerbaijan, Turkmenistan will reach even higher level - President Aliyev
Signing of Memorandum on “Dostlug” field is result of many years of consistent action by our countries - President of Azerbaijan
Caspian Sea is sea of peace and good neighborliness - President of Azerbaijan
Signing of memorandum on “Dostlug” field is significant event that will have positive consequences - President Aliyev
Today's signing ceremony opens new page in development of Caspian's hydrocarbon resources - President Aliyev
Iranian government hopes for changes in new budget bill
Azerbaijan, Turkmenistan starting joint work on development of field in Caspian Sea for first time - President Aliyev
Russia remains key consumer of Uzbek vegetables and fruits
Georgia increases oil imports from Azerbaijan
Iran exports 12m euros worth of fibers in eight months
Azerbaijan plans to hold first auction on renewable energy sources this year
Easing monetary policy contributes to multiple growth in money supply in 2020 - CBA
Azerbaijan suspends import of live poultry and poultry products from several countries
Pashinyan's confession on Shusha destroys absurd statements of Armenian officials
Anglo Asian Mining restores its contract areas in formerly occupied lands of Azerbaijan
Half of Azerbaijan's population economically active as of 2020
Azerbaijan disseminates footage from Kendyeri village of Kalbajar district (PHOTO/VIDEO)
TANAP’s gas supplies exceed 9 bcm
U.S. weekly jobless claims decline moderately
Georgian Sweeft Digital company to cooperate with Berlin-based software company in open banking field
Flydubai resumes flights to Georgia
Construction of KAMAZ service centers in Turkmenistan to allow implementation of new projects
SOCAR Aviation starts supplying fuel to Izmir Adnan Menderes Airport
Standard & Poor's predicting growth in Azerbaijani Pasha Bank's 2021-22 capitalization
Turkish YDA Holding constructing multidisciplinary hospital in North Kazakhstan
Total cost of cars exported by Georgia to Azerbaijan down
Reforms in real sector of economy to be main drivers of Uzbekistan’s economy in 2021
Georgia reduces imports of building materials from Azerbaijan
Iran's Sefiddasht-Shahrekord railway project progressing
Azerbaijani population’s nominal income down in 2020
Kazakhstan decreases petroleum oils export to Lithuania amid COVID-19
Azerbaijan confirms 770 more COVID-19 recoveries
No Tsunami risk after 7.0 magnitude quake at sea near Philippines
Number of new apartment transactions down in Georgia's Tbilisi - Colliers International
Azerbaijan shows footage from Dordchinar village of Fuzuli district (PHOTO/VIDEO)
KAMAZ, Turkmenistan work to expand supply, technical support of vehicles in country
Asset quality of Georgian TBC Leasing' deteriorates in 9M2020
Samarkand region leads in total production volume of Uzbekistan’s agriculture, forestry and fisheries fields
Georgia reduces export of cattle to Azerbaijan
Volume of passenger traffic by all vehicles in Azerbaijan down
Azerbaijani minister denies possibility of selling SOCAR’s shares
Azerbaijani ministry talks about project of North-South international transport corridor
Azerbaijan sees decline in 2020 alcoholic, tobacco production
Azerbaijan records slowdown in cargo movement by all types of transport
Kazakhstan amending agreements on int'l road traffic with Georgia
Volkswagen faces EU fine for missing 2020 emissions targets
EBRD supports Georgian currency and capital markets dev't to promote economic resilience
Kazakhstan's revenue from maritime cargo transport surges
Data on 2020 cargo traffic via TRACECA's Azerbaijani segment revealed
Azerbaijan appoints new coach for Women's Artistic Gymnastics national team
Dostlug field to help develop Azerbaijan’s petrochemicals industry – Bryza
Kazakhstan meets local demand in meat by boosting annual production
Azerbaijan reveals 2020 maritime cargo handling figures
Azerbaijani citizens arrested in Libya set free, return home
Azerbaijan discloses amount of Kapital Bank’s deposits accounting for legal entities
Uzbekistan reports increase in cars imports for 2020
Net profit of Georgian commercial banks down
Rehabilitation of tea plantations to enter active phase in 2021 in Georgia
Azerbaijan to make environmental monitoring by UAVs in liberated territories
Azerbaijan - one of most secured countries in CIS with int'l reserves - Gazprombank
Azerbaijan uses innovative method of covered wagons to import Turkish products (PHOTO)
Kazakh, Uzbek companies agree on joint manufacturing of kitchen stoves, water heaters
Iran reveals COVID-19 data for January 21
Azerbaijan Industry Bank’s total assets down in 2020
Iran’s NISOC boosts oil extraction
Uzbekistan’s Central Bank keeps base rate unchanged
Georgia’s beer export to Azerbaijan down
Bitcoin slumps 10% as pullback from record continues
Azerbaijan, Turkmenistan sign memorandum on joint development of Dostlug field
Azerbaijani, Turkmen FMs talk significance of joint collaboration on Caspian Sea (PHOTO)
Kazakhstan taking measures to boost investments co-op with IFC
Iran’s Bahar Azadi gold coin price continues to rise
Turkmenistan considers co-op with number of Austrian pharmaceutical companies
State Commercial Bank Turkmenistan opens tender for consulting services
Iran launches mega refinery project
Important facilities to be upgraded in Iran's Razavi Khorasan Province
Georgian medicine export to Azerbaijan decreases
MoU on Dostluk oil & gas field is new milestone in dev’t of Azerbaijan-Turkmenistan ties - SOCAR
Azerbaijan increases gas export along Baku-Tbilisi-Erzurum route
Azerbaijan discloses total capital of ASB Bank
All news