ASTANA, Kazakhstan, June 16. Kazakhstan and China deepened their energy partnership with the signing of several high-value agreements during the China–Central Asia Forum held today in Astana, Trend reports.
The forum saw investment documents totaling more than $24 billion, with several major energy-related agreements involving the Ministry of Energy of the Republic of Kazakhstan, KazMunayGas, QazaqGaz, and China National Petroleum Corporation (CNPC).
One of the key outcomes was a framework agreement between the Ministry of Energy, the Akimat of Aktobe Region, KazMunayGas, and CNPC to explore the construction of a urea production facility in the Aktobe Region. The project, based on commodity gas supplied by CNPC subsidiary SNPS-Aktobemunaigas, is valued at $1.25 billion. The facility is expected to boost Kazakhstan’s capacity to produce urea, a key component in fertilizer, supporting both agriculture and energy-linked industries.
Another agreement was signed to expand production at PetroKazakhstan Oil Products LLP to 12 million tons per year. The Ministry of Energy, KazMunayGas, and CNPC committed to the $5.8 billion initiative, which is seen as a strategic move to strengthen Kazakhstan’s fuel security and enhance the country’s refining capacity.
Additionally, the Ministry of Energy, QazaqGaz, and CNPC signed a cooperation agreement to support the North 1 project, aimed at advancing hydrocarbon exploration and development. The agreement also covers scientific and technical cooperation, with a focus on gas monetization through joint research and development.
