Development Bank of Kazakhstan announces funding construction of new oil extraction plant in Kazakhstan

26.03.21 19:08
/KASE, March 26, 2021/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated March 25, 2021: quote The oil and fat industry today is one of the most promising and rapidly developing sectors of the agro-industrial complex due to the growing demand for vegetable oil, which occupies a special place in the consumer basket not only of Kazakhstan, but also of buyers all over the world. Moreover, vegetable oil can be referred to as a product of prime necessity, because its application spheres are vast: from culinary and paint industry to soap-making and cosmetology. Oilseed processing capacity, particularly sunflower oil, is growing steadily thanks to investments from government and business. For example, in 2021, a new upscale oil extraction plant of QAZAQ-ASTYQ GROUP LLP, specializing in the production of sunflower oil for further export of finished products to destinations such as China, Uzbekistan, Tajikistan, Iran, India, Pakistan, Afghanistan, Turkey and the European Union will appear in the East Kazakhstan region. unquote The full press release is available on – https://kase.kz/files/emitters/BRKZ/brkz_reliz_250321_1.pdf [2021-03-26]