Indian investor to participate in petrochemical project - Energy Minister
ASTANA. March 3. KAZINFORM /Aigul Tulekbayeva/ An Indian investor may participate in the petrochemical project in Atyrau - Minister of Energy and Mineral Resources Sauat Mynbayev announced today at the Government meeting. According to the Minister, supply of 7 bln cubic meters is ensured for 13 years and possible for 5 years more. All other issues have been resolved. As he said, because of the crisis conditions foreign stockholder «LyondellBasell Industries» refused to participate in the project, and Kazakh party was compelled to make offers to other potential participants. «Indian Minister of Commerce and Industry will pay a visit on March 4. This issue will be discussed with him», Sauat Mynbayev said. Other stockholders - KazMunaiGas Exploration Production and Sat & Company - assure to fulfill their financial obligations and are ready to finance the project this year.