Swiss concern ABB interested in development of oil refineries in Kazakhstan

/IRBIS, March 29, 01/ - The GSRW informs, with the reference to the vice president of the ABB, that the concern is ready to invest in Kazakhstan. The concern intends to develop its activity in the oil and gas sector of Western Kazakhstan as well as in electric and technical equipment production and communications. ABB is interested in upgrading the Atyrau and Shymkent refineries. In his turn, the Kazakhstan's Prime Minister said the government plans to prepare a package of projects which would be of a particular interest to ABB. In 2000, KazTransOil and ABB signed an agreement on supply of the SCADA system for the Atyrau-Samara pipeline. ABB invested in the project $47 mln without bank guarantees. Now, the companies are negotiating the supply of a communications system which employs fibre optic cables.