Sinopec has sealed a deal with KazMunayGaz to kick-start a polyethylene project in the Atyrau region.
The agreement with the national operator of the oil and gas industry of Kazakhstan will be the largest natural gas and chemical project in the region.
Sinopec and KazMunayGaz have been long-term partners with a solid foundation of cooperation.
The signing of the agreement leverages Sinopec's leading advantages in engineering, marketing and sales, production, and operation, as well as KazMunayGaz's firm and strong capabilities in the local market and wealth of resources.
Sinopec is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, strong oil and petrochemical core businesses, and a complete marketing network.
Its parent company, China Petrochemical Corp., is the largest refining company and the third largest chemical company in the world, with a top five ranking on Fortune's Global 500 list.
Headquartered in Astana, Kazakhstan, KazMunayGaz represents the interests of the Republic of Kazakhstan in the oil and gas industry.
Its main business covers oil and gas exploration and exploitation, petroleum processing, oil product sales, storage, pipelines, oil field services, and more.
Sinopec signs polyethylene project in Kazakhstan
