Kazakhstan embarks on $2.7 billion gas chemistry projects

Kazakhstan is set to revolutionize its energy sector with ambitious plans to implement urea and ammonia production projects worth a staggering $2.7 billion.

According to Report, Energy Minister Almassadam Satkaliyev said during a recent government meeting that in the near future, all necessary fractions will be extracted from the commercial gas at Tengiz, paving the way for the landmark "Polyethylene" project.

Looking ahead, the minister emphasized the importance of extracting crucial fractions from the Kashagan field, another giant in Kazakhstan's oil portfolio. This strategic move is expected to attract substantial new investments in petrochemical projects, further solidifying the country's position in the global energy market.

One of the unique advantages of Kazakhstan's major domestic fields is the high content of "rich" fractions essential for the petrochemical industry.

Plans are underway for a butadiene production project. This initiative will utilize butane from the Tengiz field as raw material, showcasing Kazakhstan's commitment to maximizing its natural resources.

Satkaliyev highlighted the economic impact of this project, stating, "The project cost is estimated at $1.4 billion and will create 750 permanent jobs directly, with up to 7,500 jobs in related industries."