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Polyethylene project: Sinopec signs a framework agreement with Kazakhstan

25/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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L'opérateur national de l' industrie Petroleum and Gazière du Kazakhstan and Sinopec have signed a framework agreement with the aim of developing a polyethylene project in the Atyrau region. The signing was made on 18 May in China.

The framework agreement between Kazakhstan and Sinopec was signed during Kazakh President Kassym-Jomart Tokayev's visit to China. According to this agreement Sinopec will participate in the project and advance it as a cooperative partner. The polyethylene project will be the largest natural gas and chemicals project in the region and the investment decision is expected to be finalized in 2024. Sinopec and KazMunayGaz are longstanding partners whose relationship is based on a

solid basis of cooperation.

Sinopec est une company listed on national and international stock exchanges with integrated activities have strong upstream, intermediate and downstream petroleum and petrochemical power activities, and a comprehensive marketing network

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