Kazakh PM discusses joint projects in Oil and Gas sector with Nail Maganov, General Director of Tatneft

Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Nail Maganov, Chief Executive Officer of PJSC Tatneft, El.kz cites primeminister.kz.

The parties discussed plans to expand cooperation in the oil and gas chemical sector, including progress on a major investment project for the production of butadiene and synthetic rubber in the Atyrau region.

Nail Maganov provided an update on the current status of the project. Active work is currently underway with the contractor — the Chinese engineering company China Tianchen Engineering Corporation. The project plans to annually produce 60,000 tons of divinyl-styrene synthetic rubber (DSSR) for use in the rubber industry and tire manufacturing, 40,000 tons of styrene-butadiene-styrene rubber (SBS) used in road surfacing and plastics, and 40,000 tons of methyl tert-butyl ether as a high-octane fuel component. The investment phase is expected to begin on July 1 of this year.

The meeting also addressed geological exploration activities at the Karaton Podsolevoy block, carried out in partnership with JSC NC KazMunayGas. Currently, a deep exploratory well is being drilled to a depth of 5,500 meters.

Attention was also given to the project for the production of terephthalic acid (TPA) and polyethylene terephthalate (PET).

The Prime Minister emphasized that the Government of Kazakhstan is open to constructive dialogue in implementing joint initiatives and finding solutions for mutually beneficial cooperation. Kazakhstan has expressed its interest in integrating Tatneft’s technologies and expertise into domestic industry.

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