During his official visit to China, the President of Kazakhstan met with Ma Yongsheng, Chairman of the Board of Directors of SINOPEC.
They discussed prospects for further cooperation and implementation of joint investment projects in the petrochemical and energy sectors.
Kassym-Jomart Tokayev noted that a vivid example of sustainable cooperation between Kazakhstan and SINOPEC is the company's entry as a full partner in the project for the production of polyethylene. Kazakhstan has not yet implemented such a large-scale world-class petrochemical project. The total amount of the project will be $7.7bn.
– We highly appreciate the company's contribution to the development of bilateral relations between Kazakhstan and China, as well as the oil and gas industry of our country. We are interested in cooperation with your company. We consider your company a strategic partner of Kazakhstan," - the Head of State said.
For his part, Ma Yongsheng informed the Head of State about the company's intention to start construction of the plant in the second half of 2024. He also shared plans to implement another strategic project - the construction of a complex for the production of terephthalic acid and polyethylene terephthalate on the basis of the Atyrau Oil Refinery.
- We want to contribute to the development of this project. We attach great importance and significance to this project," said Ma Yongsheng.
In addition, the meeting addressed topics of cooperation in the field of geological exploration and subsoil use, including the application of the latest technologies in this sector.