According to the results of 10 months of 2024, the volume of production of oil and and chemical products in Kazakhstan amounted to 460.7 thousand tons or 71.2% compared to the same period last year. This is stated in the press service of the Ministry of Energy of the Republic.
According to the agency, the volume of oil and and chemical production in Kazakhstan in the same period of 2023 amounted to 269 thousand tons, while in 2024 an increase in all products of the industry was noted.
The main markets for products in the Ministry of Energy were called EU, CIS, China, Turkey and Russia.
Also, in the industry projects for the production of Butadiene and its derivatives of up to 305 thousand tons/year are implemented, polyethylene up to 1,250 thousand tons/year with the launch period until 2030.
“The ministry is underway to reorient the oil and gas sector from the raw material orientation to the production of products with high added value, that is, the development of the oil and gas industry,” the report said.