KazMunaiGas, Sinopec sign MoU
KazMunaiGas Board of Directors Chairman Kairgeldy Kabyldin and China ’s Petroleum Corporation Sinopec President Wang Tianpu signed on Thursday a Memorandum of Understanding, KMG reported.
Under the memorandum, the parties expressed their intention to develop cooperation in Kazakhstan or in other countries in the fields of oil exploration and production, gas processing, refining and petrochemicals, engineering and technical services.
KMG and Sinopec Group are jointly upgrading the Atyrau refinery.
Sinopec is China’s largest producer and supplier of petroleum and petrochemicals products, as well as the largest importer of oil and the second largest producer of hydrocarbon raw materials.
Fortune magazine has rated the company as 5th among the world’s 500 huge companies.
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