Kazakhstan is set
to boost the production of petrochemical products by launching five large
enterprises by 2029. The total investment volume, involving Chinese and Russian
partners, will exceed $14 billion. These facilities include plants for
butadiene and polypropylene production, as well as a gas separation facility at
the Tengiz oil field. Kazakh Vice Minister of Energy Alibek Zhamauov shared
these details in an interview with the Silk Way TV channel. He also outlined
other plans for industry development. Thus, the modernization of the Shymkent
Oil Refinery is anticipated to double the oil processing capacity at the plant
from six to 12 million tonnes per year within six years. Additionally, Zhamauov
presented a forecast for the country’s oil production in 2023, estimating it at
around 90.5 million tonnes, with nearly 70 percent allocated for export.
Furthermore, Kazakhstan is ready to ship oil to new destinations, up to seven
million tonnes per year to Baku and up to 120,000 tonnes monthly to Germany.
“Kazakhstan exports
oil to European and Western countries through the Atyrau-Novorossiysk pipeline
of the Caspian Pipeline Consortium. Another route involves the Atyrau - Samara
pipeline to the Ust-Luga port, where Kazakh oil is then shipped to Western countries,”
Zhamauov said.
