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23

Kazakhstan to Invest $4 bn

...in its oil refining, gas processing, and petrochemical businesses

Kazakhstan is going to invest $3.88 billion in its oil refining, gas processing, and petrochemical businesses during 2004-07 as part of an advanced development program to bring processing capacity in line with oil and gas production by 2010.

Existing refineries and gas processing plants will be modernized, and a gas processing plant will be built at Aksai by 2007.

Other work will include a new petrochemical complex near Kashagan oil field, plastics manufacturing plants in Aktau and Atyrau, and a plant at Jem to process gas from Zhanajol and Kenkyak oil and gas fields.