KazMunayGas, China’s CITIC Construction to cooperate on Karachaganak Gas Processing Plant
KazMunayGas (KMG) and China’s CITIC Construction Co., Ltd. have signed an Agreement on the basic principles of cooperation for the construction of the Karachaganak Gas Processing Plant, Qazinform News Agency reports.
The signing ceremony took place at the headquarters of JSC NC KazMunayGas, the company's press service says.
The document lays the foundation for the implementation of the Karachaganak GPP project, covering cost assessment, equipment layout, and the framework of cooperation.
The parties also agreed on the next steps, including the transition to Front-End Engineering Design (FEED) and the search for optimal technical and organizational solutions.
Earlier, it was reported that Chairman of JSC NC KazMunayGas Askhat Khassenov and Director General of the Caspian Pipeline Consortium Nikolay Gorban met in Astana. The sides confirmed mutual readiness for further constructive interaction and implementation of joint projects aimed at enhancing energy security of the CPC..