ASTANA, Kazakhstan, February 14. Chairman of the Board of QazaqGaz JSC (Kazakhstan's national company) Sanjar Zharkeshov and Chairman of UCC Holding (Qatar) Muhammad Moutaz Al-Khayyat have signed cooperation agreements in Doha, Trend reports.
Thus, as part of the agreements, the parties plan to jointly construct a compressor station and gas pipelines.
One of the agreements provides for attracting investments for the construction of a new compressor station “KS-14” and the main gas pipeline “KS-14 – Kostanay” in the Aktobe and Kostanay regions of Kazakhstan.
This project is of strategic importance and is aimed at gasification of both populated areas and large investment projects in the Kostanay region.
Meanwhile, Kazakhstan plans to increase gas production through the introduction of new gas fields in the medium term.
Gas production has already started at the Rozhkovskoye, South Aksay, and Anabay fields, with recoverable reserves of more than 31 billion cubic meters of gas.
In the medium term, the launch of the Urikhtau Central, Western Prorva, and Kalamkas gas fields with recoverable reserves of 69 billion cubic meters of gas is expected.
In addition to this, work is underway on new gas processing plants in Kashagan and Karachaganak, as well as in Zhanaozen.
At the same time, the 2nd and 3rd stages of the Saryarka gas pipeline, the Aktobe-Kostanay gas pipeline, and the 2nd line of the Beineu-Bozoy-Shymkent gas pipeline are planned.
Moreover, to develop the petrogaschemical industry, construction of the Butadiene project worth $1 billion will begin this year.
At the same time, the implementation of other large investment projects for the production of polyethylene, polyethylene terephthalate, and urea in the Atyrau and Aktobe regions for a total amount of $13.7 billion continues.
Furthermore, trade turnover between Kazakhstan and Qatar more than doubled and amounted to 9.6 million from January through November 2023 (from January through November 2022 - $3.96 million).
Kazakhstan's exports to Qatar for the above period amounted to $5.36 million, and imports - $4.3 million.