SIBUR’s share in both JVs stands at 40%.
On October 7, Kazakh President Kassym-Jomart Tokayev and Prime Minister Askar Mamin met with SIBUR CEO Dmitry Konov.
At the meeting, Tokayev pointed out that deep carbon processing is one of the priority directions of the oil and gas sector of Kazakhstan.
The Kazakh President welcomed the signing of the agreement on cooperation on the polyethylene and polypropylene production projects:
- The Kazakh Government will provide any support to develop the projects upon my instruction
In the future, a joint project for the construction of a polyethylene plant with a capacity of 1.25 million tons per year will be implemented.
Dmitry Konov said:
- Kazakhstan has established a good base for the polypropylene production project
- The construction of the complex is close to completion
- We can see our merit in helping training the staff that has already begun
- Around 100 personnel of KazMunayGas have already been trained, we will proceed with it
- The launch of new facilities will also boost domestic polymer consumption in Kazakhstan and other member states of the EEU and improve export potential of high value-added products thanks to SIBUR’s existing infrastructure and competencies
- This year, in the run-up to the 30th anniversary of the country’s independence, we are completing the construction of a polypropylene facility scheduled for launch in early 2022
- With the next step being the polyethylene project, we believe SIBUR to be a reliable partner possessing the necessary expertise and technology
- Moreover, this cooperation will enable Kazakhstan to enter new sales markets