Transaction Completed on Acquisition of Interest in Kazakhstan Petrochemical Industries Inc.
On 13 June 2022, JSC NC “KazMunayGas” (KMG) completed the transaction on acquisition of the 49.5% interest in Kazakhstan Petrochemical Industries Inc. LLP (KPI Inc.) from Samruk-Kazyna JSC.
Let us note that in June 2018, KPI Inc. was placed under KMG’s trust management.
KPI Inc. is implementing the polypropylene production plant construction project in Atyrau Region. The plant is intended to export its products to be sold on the RK’s domestic market. The plant’s design capacity is 500 thousand tonnes of polypropylene per year.