Major Investment Planned for New Plant in Janaozen
Photo: freepik, illustrative purposes
KazMunayGas Chair Askhat Khassenov has explained the rationale behind building a new plant in Janaozen as part of Kazakhstan’s production localization program, Orda.kz reports.
According to Khassenov, OzenMunaiGas, a subsidiary of KazMunayGas, is actively working to expand the procurement of locally produced goods in Janaozen.
In this area, we have the opportunity to enter into direct agreements with manufacturers who guarantee to localize production in Janaozen on a competitive basis, in accordance with the selection criteria, including the equal conditions for all businesses, Khassenov stated during a meeting in the Majilis.
In April 2024, OzenMunayGas signed an agreement with Kaskor-Mashzavod LLP to construct a facility specializing in oil equipment production. The project will cost 17.3 billion tenge and generate 250 new jobs.
Other projects aimed at localizing production in Janaozen are under consideration, with an estimated investment of around 20 billion tenge.
Khassenov also highlighted that since 2022, businesses in Janaozen have signed 61 long-term contracts worth 186 billion tenge, strengthening the region’s industrial growth.
Original Author: Zhadra Zhulmukhametova
Latest news
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
