The Prime Minister of Kazakhstan

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Construction of polypropylene plant to be launched in Atyrau region by the end of 2016

15 June 2016, 16:51
Atyrau Region

On the basis of the SEZ in Atyrau region by the end of this year the construction of a polypropylene plant will be launched, Deputy Minister of Energy of Kazakhstan Magzum Mirzagaliev has said at the conference titled "Oil Refining and Petrochemical Industry of Central Asia" in Astana.

"Projects of polypropylene are being implemented in Atyrau SEZ. We previously reported that we have all documentation for the project, contract was signed with the Chinese contractors. Today, work is underway to attract funding. We expect that construction work on the project - a factory for the production of polypropylene will begin in late 2016. The state provides the necessary and systematic support," Mirzagaliyev said.

However, the Vice-Minister noted that last year the global oil and gas industry has undergone a series of radical changes against the backdrop of economic uncertainty and the fall in energy prices.

"The economy of Kazakhstan faces a difficult task to adapt to changing external realities," he said.

In this regard, Deputy Minister stressed that the implementation of projects on modernization of refining capacities and construction of competitive industries of petrochemical industry is a priority for the development of the oil and gas sector of Kazakhstan.

It should be recalled that today the capital hosts the III International Conference "Oil Refining and Petrochemical Industry of Central Asia". This is a practical business conference, which will highlight the best projects in this region, as well as the most important issues and challenges in Central Asian countries.

The conference in Astana has been organized by the GBC International company with the support of the Ministry of Energy and KAZENERGY Association. It is attended by representatives of companies such as "Gaz production oil", "Lukoil», Huawei, Indorama, ExonMobil, as well as heads of JSC "NC" KazMunayGas ", LLP "Kazakhstan-China Pipeline" and other companies associated with the oil and petroleum industry.