National Company KazMunaiGas (Kazakhstan) informed on signed credit agreement between Development Bank of Kazakhstan and Atyrau Oil Refinery for construction of aromatic hydrocarbon production complex
30.07.10 15:03
/KASE, July 30, 10/ - National Company KazMunaiGas (Astana), bonds of
which are listed on Kazakhstan Stock Exchange (KASE), informed KASE that on
July 30, Development Bank of Kazakhstan and Atyrau Oil Refinery (100%
KazMunaiGas Exploration and Marketing subsidiary) signed an agreement under
implementation of the strategic investment project "Construction of a complex
on aromatic hydrocarbons production at Atyrau Oil Refinery in the size of
USD1,063,660,000 for 13 years.
National Company KazMunaiGas implements this project in compliance with the
Kazakhstan Government Resolution # 712 of May 14, 2009 "On approval of the
comprehensive plan of oil refineries development in the Republic of Kazakhstan
for 2009-2015".the project is among strategic investment projects of the
Republic of Kazakhstan according to the Kazakhstan Government Resolution # 1293
of September 1, 2009.
It is known that on October 29, 2009 under the project Atyrau Oil Refinery
signed an agreement with Chinese Sinopec Engineering for construction of the
aromatic hydrocarbons production complex. At this, 85% of an agreement cost
is funded through the loan of Development Bank of Kazakhstan and Chinese
Export-Import Bank.
[2010-07-30]