Azerbaijan, Baku, Nov. 26 / Trend E. Kosolapova/
Kazakh Deputy Prime Minister - Minister of Industry and New Technologies Asset Issekeshev has held a meeting where the issue of fertilizers plant construction in Kazakh Zhambyl region was discussed, Kazinform reported.
The concept of the investment project's further implementation was presented and approved during the meeting.
Moreover, the issues of plant's infrastructure construction and gas supplies to the plant were discussed at the meeting.
The project is worth 356.5 billion tenge (150.07 tenge = $1). Plant's production capacity will hit 1.4 million tons of phosphorus, nitrogen and complex fertilizers per year.
In 2008 Kazakh President Nursultan Nazarbayev approved the Eurohem's project on phosphate deposits development and fertilizers production in Kazakhstan. However, the parties could not agree on the gas price for a long time. Eurochem needs large amount of gas for its production.
EuroChem is Russia's largest mineral fertilizer producer and ranks among the top three European and top ten global producers by nutrient capacity.
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