We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

China’s Sinopec agrees terms for potential Kazakhstan polyethylene investment

DOWNSTREAM CENTRAL ASIA AND CASPIAN

China’s Sinopec agrees terms for potential Kazakhstan polyethylene investment

China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region, according to a statement by Sinopec on Thursday.

Source: Zawya

The agreement was signed on the sidelines of the ongoing China-Central Asia Summit in Xian, where China's president Xi Jinping met with Kazakh president Kassym-Jomart Tokayev on Wednesday. A final decision on the proposed investment will be made in 2024, the Sinopec statement said.

Relevant news

DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan and South Korea forge new cooperation agreements in energy and petrochemicals
Kazakhstan and South Korea agreed to strengthen comprehensive cooperation primarily in infrastructure and production development, finance, energy.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan extends restrictions on export of liquefied gas
The Ministry of Energy bans the export of liquefied petroleum gas, propane and butane from Kazakhstan.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakh KazTransOil sees growth in oil transportation to refineries
KazTransOil transported 11.379 million tons of oil separately through its main oil pipeline system from January through March 2024.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan prepares draft Concept for development of hydrogen energy
Kazakhstan seeks to develop renewable energy sector by 2040.
HYDROGEN IN CENTRAL ASIA AND CASPIAN
Kazakhstan prepares draft Concept for development of hydrogen energy
Kazakhstan seeks to develop renewable energy sector by 2040.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan’s share in total exports of petrochemicals in the EDB region is more than 22%
The potential volume of exports of petrochemical products from the Eurasian region by 2035 can reach more than 7 million tons.