ASTANA, Kazakhstan, December 2. KazMunayGas JSC (KMG, Kazakhstan's national oil and gas company) and Emirati AD Ports Group (ADP) have signed an Agreement on principles for the creation of a ship repairing and shipbuilding enterprise in Kazakhstan, Trend reports.
The corresponding agreement was signed in the presence of the President of Kazakhstan Kassym-Jomart Tokayev by the heads of the companies.
The agreement defines the basic terms of cooperation.
The parties will form a joint working group to investigate the possibility of establishing a ship repair and shipbuilding operation on Kazakhstan's Caspian Sea coast.
As previously mentioned by Mohamed Juma Al Shamisi, Managing Director of Abu Dhabi Ports Group, Abu Dhabi Ports Group is interested in collaborating on the development of the Caspian Sea ports of Aktau and Kuryk.
Furthermore, Magzum Mirzagaliyev, Chairman of the Management Board of KazMunayGas, previously stated that ADP and KMG intend to collaborate on the joint construction of tankers for oil transportation in open seas and the Caspian Sea in the near future.
