Kazmunaygas, EBRD Discuss Co-Op In Field Of Low-Carbon Projects
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, June 7. Kazakhstan's
KazMunayGas (KMG, the national oil and gas company) and the
European bank for Reconstruction and Development (EBRD) have
discussed the prospects for cooperation on the implementation of
low-carbon projects, Trend reports.
Discussions took place between the Chairman of the Board of the
KMG Askhat Khassenov and acting Managing Director for Central Asia
of EBRD Hüseyin Özhan.
An example of how KMG and the EBRD are working together to
strengthen partnerships is the Tazalyq environmental project, which
is being carried out at the Atyrau oil refinery. Improving the
local environment is a goal of the project, which entails restoring
evaporation fields and updating mechanical wastewater treatment
facilities spread out over 860 ha.
The parties also discussed the prospects for cooperation on a
project for a feasibility study of the market for environmentally
friendly aviation fuel and the possibility of its production in
Kazakhstan, which could become a new direction in the country's
environmental agenda.
Meanwhile, the EBRD's current project portfolio in Kazakhstan
reaches 2.8 billion euros as of February 29, 2024, based on the
implementation of 119 active portfolio projects.
In addition, the bank has invested about 10 billion euros in 317
projects in Kazakhstan. Kazakhstan is the EBRD's largest and
longest-running Central Asian banking business.
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