By the end of 2007, KazMunaiGas and SAT & Company hope to find a partner to build a new petrochemical complex in
Currently, KazMunaiGas is conducting negotiations with Tengizchevroil, the operator of the Tengiz field, about the price of the crude that will be used in the new complex. These negotiations should be concluded within a month when KazMunaiGas – along with SAT & Company – will announce its foreign partner. The new foreign partner will receive an equity stake in the $5 billion project although it is not yet clear which of the current partners will cede its stake.
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