Kazakhstan intends to develop law regulating the petrochemical industry. It was stated by Prime Minister Olzhas Bektenov, El.kz reports with reference to the press service of the Government of the Republic of Kazakhstan.

According to Kazakh PM, the initiative to create an independent regulatory act received support at the highest level.

"At a meeting with representatives of the oil and gas business, the issue of developing an independent Law on the Petrochemical Industry was raised.," the Prime Minister said.

Olzhas Bektenov instructed the Ministries of Energy, Industry, National Economy and Justice to submit a draft of the relevant Law to the Government Office by September 1 of this year.