UAE-based Mubadala mulls joining Atyrau gas chemical complex

EPA/JOERG MITTER/GLOBAL NEWSROOM HANDOUT/FILE PICTURE

View of Abu Dhabi, United Arab Emirates, February 11, 2017. UAE-based Mubadala is active in the energy sector, particularly in petrochemicals.

The project is estimated at $5 billion to $6 billion


ASTANA - In the context of developing Kazakhstan’s national petrochemical industry, the former Soviet republic is pinning its hopes on putting into operation of the integrated oil and gas chemical complex in Atyrau.

The complex is designed to make polyethylene that is in high demand in the world market. Polyethylene is used in a wide range of areas: construction, medicine, mechanic engineering, packing materials, and household goods.

Originally, it was expected that the capacity of the com...


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