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Source: Kursiv
The partnership will also prioritize petrochemicals as a significant area of collaboration between KMG and UNG.
As part of the cooperation agreement signed in March between the two companies, the parties discussed plans to implement geological exploration projects in the border regions of Kazakhstan and Uzbekistan. The companies also plan to establish a shared information space for exchanging geological and technical data and are considering joint participation in international oil and gas projects.
KMG
Additionally, the parties discussed the next steps regarding the memorandum on cooperation in digital technologies and industrial safety, signed on March 5, 2025, which includes KMG, UNG, Azerbaijan’s state oil company SOCAR, and Russia’s Tatneft.
KazMunayGas places great importance on expanding mutually beneficial ties with Uzbekneftegaz. Our partnership will undoubtedly contribute to developing the energy sector across Central Asia. We are committed to actively working with our Uzbek partners in all key areas.
Khassenov
On May 12, KMG International, a branch of KMG, resumed operations at its Romanian refinery, Petromidia. In response to the increasing demand for petrochemical products in the European market, KMG has initiated the establishment of a low-density polyethylene (LDPE) production plant. The company aims to integrate the LDPE facility with the petrochemical complex at the Petromidia refinery, reinforcing its role as Romania’s sole national polymer producer.
For the first time, the Downstream Central Asia and Caspian Summit will be co-located with the inaugural Go Net Zero Energy Summit on 8 September at the same venue, bringing together downstream stakeholders from across the Caspian and Central Asia regions under one roof. This unique convergence creates a full week of strategic dialogue and delivers unparalleled opportunities for cross-sector collaboration, knowledge sharing, and the formation of strategic partnerships across the entire energy value chain.
Uzbekistan has announced an extension of zero customs duties on the import of 82 types of industrial raw materials and semi-finished products. According to a report from the Ministry of Justice via its Telegram channel, referencing a presidential decree signed.
The world’s largest chemical manufacturer is set to inaugurate its new facility in China by the end of March, generating a blend of optimism and skepticism about growth prospects.