KMG and Tatneft plan cooperation in the field of petrochemical projects

On November 25, Alik Aidarbayev, Chairman of the Management Board of JSC NC KazMunayGas (hereinafter referred to as KMG), held an online meeting with Nail Maganov, CEO of PJSC Tatneft (hereinafter referred to as Tatneft). During the negotiations, issues of cooperation in the development of petrochemical projects were discussed. Thus, Tatneft has shown interest in projects on the territory of the SEZ "National Industrial Petrochemical Technopark" in Atyrau region, including the production of butadiene and its derivatives. A number of documents were also signed, including an action plan on cooperation between the companies. Recall that in July 2019, a Memorandum of Understanding was signed between KMG and Tatneft, which outlined the proposed areas of cooperation. In November 2019, the companies signed a Roadmap to ensure the introduction of the best practices of PJSC Tatneft into the oil and gas industry of the Republic of Kazakhstan.