Head of the Government Kazakhstan Olzhas Bektenov held a meeting on the oil and gas industry development.
During the meeting the current challenges and prospects of oil production, oil refining, as well as plans to implement new projects in geological exploration were discussed.
As Prime Minister noted, the Head of State has set tasks for the Government to develop and increase the investment attractiveness of the oil and gas sector. Last year the country produced 90 million tonnes of oil, the confirmed reserves are estimated at 2.9 billion tonnes. The industry generates a significant part of tax revenues and jobs.
Olzhas Bektenov stressed the importance of launching major projects in Kazakhstan, including a petrochemical plant in the Atyrau region with a capacity of 500 thousand tonnes of polypropylene per year, the start of construction of three gas processing plants. Prospects for the construction of butadiene and polyethylene plants were discussed.
Caspian Energy Media reports with reference to the Press Service of the Government of the Republic of Kazakhstan.
