Kazakhstan to invest $ 3.88 bn in oil, gas and petrochemicals business

Oct 28, 2004 02:00 AM

Kazakhstan is going to invest $ 3.88 bn in its oil refining, gas processing, and petrochemical businesses during 2004-07 as part of an advanced development program to bring processing capacity in line with oil and gas production by 2010.

Existing refineries and gas processing plants will be modernized, and a gas processing plant will be built at Aksai by 2007.
Other work will include a new petrochemical complex near Kashagan oil field, plastics manufacturing plants in Aktau and Atyrau, and a plant at Jem to process gas from Zhanajol and Kenkyak oil and gas fields.

Source: Neftegaz
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