Kazakhstan plans $12 bln petrochemical expansion by 2029

September 9, 2026 at 06:22 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakhstan's Energy Ministry announced plans to launch five flagship petrochemical projects with combined investment of about $12 billion by 2029. The projects will produce polyethylene, butadiene and carbamide, creating up to 20,000 jobs. The announcement was made at the 13th Central Asia and Caspian Oil Refining and Petrochemicals business summit in Astana.

Key Facts

Kazakhstan's Energy Ministry approved a roadmap in October 2024 for petrochemical development through 2030 with six key areas and 34 measures.
The five flagship projects are expected to create up to 20,000 permanent and temporary jobs.
A draft law on the petrochemical industry is under consideration by the Kurultai of Kazakhstan.
The special economic zone 'National Industrial Petrochemical Technopark' currently has 19 registered participants implementing major projects.

Flagship Projects

The Ministry of Energy plans to launch new capacities for polyethylene, butadiene and carbamide production by 2029. Total investment in the five flagship projects is estimated at about $12 billion. The projects are expected to expand domestic consumption of raw materials, increase production volumes and create additional export potential.

Regulatory Framework

The Ministry of Energy developed a draft law 'On the Petrochemical Industry' to create a comprehensive regulatory system. The draft law provides mechanisms for ensuring raw material supply, developing the domestic market, systematic supply planning and industry monitoring. It also proposes price regulation for raw materials and state support for investment projects.

Investment Environment

The special economic zone 'National Industrial Petrochemical Technopark' remains a key development tool for petrochemicals. Currently, 19 participants are registered in the zone implementing large projects. The Ministry of Energy considers it important to form long-term and predictable operating rules for investors.