Kazakhstan National Oil and Gas Company KazMunaygaz and the Chinese State Energy Corporation CNPC (China National Petroleum Corporation) discussed the deepening of cooperation on key oil and gas projects. Kazmunaygaz – the leader of the oil and gas industry of Kazakhstan.
“In Beijing, a meeting of the Chairman of the Board of JSC Kazmunaygaz (KMG) Askhat Khasenov with the chairman of the board of directors of the Chinese National oil and gas corporation (CNPC) Dai Hawlyan was held. It follows from the publication.
it is noted that companies strengthen cooperation in geological exploration. Within the framework of the previously reached CNODC agreements (CNPC subsidiary), he is studying the promising section “Dostyk” (eastern board of the Caspian basin), the compactia said.
During the meeting, a joint investment project was discussed to expand the capacities of Shymkent refinery from the current 6 million tons per year – up to 12 million tons of tons By 2030. The project is of key importance for providing oil products for the growing needs of the domestic market. The parties also expressed satisfaction with the pace of work on the carbamide production complex with a capacity of up to 880 thousand tons per year in the Aktobe region.
In particular, the parties confirmed the readiness to sign an agreement on the creation of a joint venture, which provides for the transition to the practical implementation of the project.
the Karbamide project is of the country’s food security. The total investment is estimated at 1.25 billion dollars.