New petrochemical plants to appear in Kazakhstan
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.