ASTANA, Kazakhstan, April 14. Kazakhstan’s Prime Minister Olzhas Bektenov discussed with the Chairman of the Board of Directors and CEO of Chevron, Michael Wirth, matters of cooperation in the oil and gas industry and the creation of an industrial cluster around Tengiz, Trend reports.
"The parties also discussed the implementation of current joint projects, prospects for the development of domestic oil and gas chemistry, exemplified by the operation of the first polypropylene plant, KPI, and the construction of the largest polyethylene complex with a capacity of 1.25 million tons of product per year," said a statement from the press service of the Prime Minister of Kazakhstan.
The sides also considered issues related to the construction of a new gas processing plant with a capacity of 4.5 billion m3 of raw gas per year at the Karachaganak field. Attention was paid to the implementation of the Prospective Expansion Project (PEP) at the Tengiz field.
Olzhas Bektenov emphasized the necessity to further increase local content through the development of an industrial cluster at Tengiz aimed at increasing domestic added value.
"This will give an impetus to the development of small and medium-sized businesses. In line with the recommendations from the Ministry of Energy, the need to update project solutions for the rational development of Tengiz reserves and to prepare a program to maintain a high level of industrial safety was highlighted," Bektenov said.
Moreover, issues regarding the diversification of oil transportation routes and the construction of new energy resource supply chains were discussed.
Meanwhile, the President of Kazakhstan, Kassym-Jomart Tokayev, met earlier with Chevron CEO Michael Wirth and discussed the current state and prospects for strategic cooperation.