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BAKU, Azerbaijan, Nov.19
By Nargiz Sadikhova - Trend:
Construction of methanol and olefin plant was launched in Kazakhstan’s Mangystau region, Trend reports with reference to the press office of Kazakhstan’s prime minister.
According to the information, Kazakhstan’s Prime Minister Askar Mamin attended a capsule laying ceremony at the construction site of the plant as a part of his working visit to the region.
The project is being implemented by Singapore-based WestGasOil company and the value of investment into the project equal $1.8 billion.
It is expected that the plant’s capacity will be 300,000 tons of methanol and 600,000 tons of olefins per year.
Some 4,000 new work places will be created during the construction stage of the project and another 650 new work places will be created following the launch of the plant planned for 2023.
Furthermore, Mamin also inspected the construction of the multi-functional and tourist complex Aktau Resort Hotel, as well as the work of KazAzot, Mangystau Oil Refining enterprises and the Maga-Bread bakery.
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