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15

Kazakhstan Welcomes Investors

Kazakh Prime Minister Daniyal Akhmetov said Wednesday his country will give priority to investors willing to invest in the oil

Kazakh Prime Minister Daniyal Akhmetov said Wednesday the country will give priority to investors willing to invest in the oil and gas processing industry for exploitation licenses and contracts in the future.

The policy will be a win-win measure for both investors and Kazakhstan, Akhmetov said at an international meeting on the development of Kazakhstan's petrochemical industry.

He said the government was seeking cooperation with Russia's biggest oil producer Lukoil, the Chinese state oil company CNPC, as well as South Korea's LG.

To attract foreign investors, Kazakhstan will provide support and guarantees in infrastructure, management policies and raw material supplies, the prime minister said.

He said his country was studying the feasibility of establishing an economic zone in the oil-rich region of Atyrau, on the coast of the Caspian Sea.

In September, Kazakhstan worked out a roadmap on setting up eight or nine large petrochemical plants in the next 10 years.