USD 62.9451

+0.13

EUR 70.5552

-0.12

BRENT 63.84

+0.26

AI-92 42.25

+0.01

AI-95 45.75

+0.01

AI-98 51.34

0

Diesel 46.16

-0.01

11

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.