23.04.26

According to the news agency “Vesti.az,” this was stated by Asylbek Dzhakiyev, head of Kazakhstan’s “PetroCouncil” Oil and Gas Council, at a conference on oil logistics and trade held in Baku. According to him, the attracted investments will be directed toward the development of the refining sector and infrastructure. Such measures will make it possible to increase exports of oil and petrochemical products.

Key projects include the construction of a polyethylene plant with a capacity of 1.2 million tons per year, valued at $7.6 billion, as well as a butadiene production project with a capacity of 900,000 tons (worth $1.1 billion). Asylbek Dzhakiyev noted that Kazakhstan is considering diversifying its export routes. In addition to traditional routes passing through Russia, oil shipments may also be carried out via Azerbaijan and in the direction of China. Particular attention is being paid to the development of the Trans-Caspian route. Expanding it will require additional investments in the infrastructure of Kazakhstan’s Aktau port, which is seen as a key hub bypassing traditional routes.

https://vesti.az/ekonomika/kazaxstan-privlecet-15-mlrd-v-neftyanuyu-otrasl-i-logistiku-590671