Kazakhstan approves roadmap for petrochemical industry development

Kazakhstan approves roadmap for petrochemical industry development

Oil and gas projects worth nearly $15 billion are set to be launched in Kazakhstan over the next six years. Petrochemical production is expected to increase fivefold to 1.8 million tonnes. The Kazakh Ministry of Energy has developed and approved a Roadmap for the Development of the Petrochemical Industry for 2024–2030. The document covers all stages, from attracting investments and supplying raw materials for existing and new projects to producing final products. Additionally, as part of the program, the necessary infrastructure is planned to be built in the Atyrau region within the National Industrial Petrochemical Technopark special economic zone. Furthermore, the Roadmap ultimately aims to ensure domestic market supply and enhance the scientific base, human capital, and technical and regulatory documentation, according to the Ministry.