Kazakhstan Chamber of Commerce in the USA

KazCham



KazCham representatives on MINEX and KazRefinEx 0

Posted on April 03, 2010 by Sergey Sek

Sergey Sek, Business Development of KazCham attended Minex Central Asia 2010 in Astana, Republic of Kazakhstan on 16-18 March and KazRefinEx 5th Annual International Symposium and Exhibition on Refining and Petrochemistry on 25 – 26 March.

MINEX can be described as a post-crisis mining and exploration event for Central Asian Mining Industry. The forum’s main objective was to highlight current state and midterm perspectives for mining and exploration in Kazakhstan and Central Asian states recovering from the effects of the global economic crisis. According to the feedback received from the forum participants Minex Central Asia has become a significant international business, know-how and investment platform for Kazakhstan and Central Asia.

The three day agenda of the pre-forum master classes and the main forum featured over 60 speaker presentations of the leading mining companies, the Ministry of Industry and New Technologies of Kazakhstan, the National Welfare Fund “Samruk Kazyna”, The state geological and subsoil use Committee of Kazakhstan, international investment banks, Stock Exchanges, Mining and Financial consulting firms, etc. Despite turbulent weather conditions the forum brought together over 400 delegates from 150 companies and foreign missions from Kazakhstan, Kyrgyzstan, Uzbekistan, Mongolia, Japan, China, Russia, Ukraine, United Kingdom, USA, Canada, Australia, Germany, France, Switzerland, Belgium, India and the Netherland.

KazRefinEx gathered key branch experts from Kazakhstan, Europe and Central Asia in Almaty, to give the audience an opportunity to receive information about the prospects of deep processing of hydrocarbon raw materials and implementing specific breakthrough investment projects in the petrochemical industry at the level of the world economy for the coming year, as they say, “first hand”.

Today, the Kazakhstan oil and gas industry faces several key challenges in Kazakhstan, including the provision of deep processing of hydrocarbon raw materials, development of petrochemical industries. Currently, the Fund Samruk-Kazyna considered 31 projects in various spheres of the economy of the republic. The total cost of these projects amounts to more than $ 23 billion, of which the sphere of oil refining and petrochemicals will be about 11 billion U.S. dollars, including the reconstruction projects is upgrading three refineries of the country.



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