Prime Minister Olzhas Bektenov met with the Board of Directors of JSC Samruk-Kazyna National Welfare Fund to discuss implementing major investment projects.

Source: Kazinform

The meeting discussed the state of the projects in the oil and gas, petrochemical, energy, transport logistics, and mining sectors.

The construction of the gas processing plant on the Kashagan field, which will have a capacity of 1 billion cubic meters, is underway. The project's goal is to increase crude oil production and rationally use associated natural gas. The Fund also plans to build a gas-chemical combine and a gas separation unit.

The Head of the Government emphasized the importance of diversifying the Fund's economy and spending all excess liquidity on implementing strategically important projects and supporting key sectors.

Olzhas Bektenov tasked to increase local content share in the Fund’s procurement to 88%. In January-May 2024, this indicator was at 61%. The number of contracts concluded with the local producers in the reporting period rose twofold, compared to the previous year indicators.