Kazakhstan implements series of oil and energy projects

Kazakhstan implements series of oil and energy projects

Over the next two years, Kazakhstan is set to ramp up oil supplies via the Trans-Caspian International Transport Route to three million tonnes, with the first deliveries already completed. Large oil projects focusing on expanding the Tengiz, Karachaganak, and Kashagan fields are underway, the government’s press service reports. Additionally, active efforts are ongoing to double the capacity of the Shymkent oil refinery to 12 million tonnes per year. New gas fields are being developed, and work is advancing on new processing plants to be launched in Kashagan, Karachaganak, and Zhanaozen. This year will see the commencement of construction on the $1 billion Butadiene project to bolster the petrochemical industry. Moreover, the implementation of other major investment projects in polyethylene, polyethylene terephthalate, and urea production, totaling over $13 billion, continues in the Atyrau and Aktobe regions. In the energy sector, there are plans to commission 825 MW through 14 projects this year. Several thermal power plants across the country are being prepared for modernization, and new combined heat and power plants (CHPPs) are being built in various regions, including Turkistan, Almaty, and Kyzylorda. Additionally, collaboration with four investors is underway to implement renewable energy projects with a total capacity of four GW.