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DOWNSTREAM CENTRAL ASIA & CASPIAN

Kazakhstan unveils $15B petrochemistry projects

Kazakhstan is revolutionizing its oil and gas sector into a high-tech cluster, emphasizing deeper processing and value-added production, as announced by Prime Minister Olzhas Bektenov at the KAZENERGY forum in Astana, according to Trend reports.

Source: Trend

The oil and gas sector in Kazakhstan today is a high-tech cluster with a focus on transitioning from an export-based model to a comprehensive system, the future of Kazakhstan in the technological process, and we already have some good results

Bektenov stated

The Prime Minister highlighted that by 2030, Kazakhstan aims to launch six major projects totaling over $15 billion, which will greatly enhance petrochemical production and generate tens of thousands of new jobs.

Shymkent refinery increased its capacity to 12 million tons. In gas processing, we are implementing key projects such as a gas plant in Zhanaozen, a gas processing system at Kashagan, and a gas separation system at Tengiz. The government is also expanding gas infrastructure to support industrial development. The second pipeline of the near-border Shymkent will enhance the gasification of the regions and will create new opportunities for the industrial development

Bektenov added

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