Discover Qazaqstan via News and Inspiring Stories

QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor icon
  1. Main Page
  2. Business
  3. New Fertilizer Production Complex in the Works for Aktau
Astana, Kazakhstan • 14 December 2023

New Fertilizer Production Complex in the Works for Aktau

Spanish investors and Kazakh companies work in collaboration on the project

QazMonitor Logo
Freepik/jcomp
Freepik/jcomp

Prime Minister Alikhan Smailov and Técnicas Reunidas Executive Chairman Juan Lladó discussed new investment projects in the chemical and oil and gas chemical industries, primeminister.kz reports.

Highlighting Spain as a key trade partner, the Prime Minister noted a 42% increase in trade turnover with Kazakhstan last year. Spanish investments in Kazakhstan have totaled around $300 million since 2005, with leading Spanish brands well-represented in the country (Maxam, Inditex, Pronovias, and others).

Smailov welcomed collaboration between Técnicas Reunidas, KazAzot and KazMunayGas on projects for a new ammonia and urea complex in Aktau and polyethylene production in the Atyrau region. He emphasized the significance of these ventures for introducing new products like urea, a nitrogen-containing fertilizer suitable for various soils.

primeminister.kz
primeminister.kz

The Prime Minister also stressed that the projects would contribute to the diversification of Kazakhstan's economy. He expressed the government's commitment to supporting these initiatives in priority sectors.

Juan Lladó expressed satisfaction with the opportunity to work in Kazakhstan, thanking for the support. He assured active efforts in collaboration with local companies for the successful construction of the projects initiated a few months ago.

Técnicas Reunidas is a Spanish company specializing in industrial project design and implementation. With a history of over 1,000 industrial plants in 60+ countries, the company opened an office in Astana in 2020 and was previously involved in Kazakhstan's oil and gas industry from 2002 to 2004.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.