Kazakhstan talks implementation of petrochemical projects with Russia’s SIBUR Holding

Oil&Gas Materials 8 October 2021 10:14 (UTC +04:00)

BAKU, Azerbaijan, Oct. 8


Prime Minister Askar Mamin held a meeting with Chairman of the Board of Russian SIBUR Holding PJSC Dmitry Konov on October 7, Trend reports referring to Kazinform.

The parties discussed issues of joint implementation of large investment projects in the oil and gas chemical industry of Kazakhstan, including the production of polypropylene and polyethylene.

In particular, on the basis of the integrated gas chemical complex in Atyrau, in early 2022, it is planned to open a joint venture for the production of polypropylene with a capacity of 500 thousand tons per year. In the future, a joint project for the construction of a polyethylene plant with a capacity of 1.25 million tons per year will be implemented.

An agreement on the basic terms of cooperation on these projects was signed between SIBUR, Samruk-Kazyna JSC and NC KazMunayGas JSC within the framework of the XIV Eurasian Forum KAZENERGY.

Mamin and Konov also discussed the prospects for the implementation of joint oil and gas chemical projects at the Karashaganak field, training of Kazakh specialists at SIBUR enterprises and other issues of interaction.

SIBUR is the largest oil and gas chemical holding in Eastern Europe with a staff of over 18,000 people. The holding implemented a project for the construction of ZapSibNeftekhim petrochemical complex with a capacity of 2.5 million tons of base polymers per year. Together with Sinopec, it is building the Amur Gas Chemical Complex with a capacity of 2.7 million tons of polyethylene and polypropylene per year.

The meeting was attended by Energy Minister Magzum Mirzagaliyev, Chairman of the Board of Samruk-Kazyna JSC Almasadam Satkaliev, Chairman of the Board of NC KazMunayGas JSC Alik Aidarbayev and others.