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Zhaik Petroleum Bayterek Complex
Project ID:
50920251
Project Name:
Zhaik Petroleum Bayterek Complex
Project Sector:
Oil & Gas
Photo source:
Project Description
Zhaik Petroleum Ltd is developing a gas-chemical complex in the West Kazakhstan region, aiming to produce AA-grade methanol. The plant is designed with an annual production capacity of 130,000 to 350,000 metric tons, utilizing natural gas as the primary feedstock. This initiative seeks to reduce Kazakhstan's dependency on imported methanol and bolster the domestic petrochemical industry.
Project Phase:
Initiation & Feasibility
Investment Value:
140 000 000 $
Location:
West Kazakhstan Region, Казахстан
Start Date:
12/1/2022
End Date:
1/1/2029
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Other important details
Raw Material: Natural gas, with Zhaikmunai LLP identified as a potential supplier.
Market Focus: The methanol produced is intended for both domestic use and export to countries such as Sweden and Finland.
Employment Impact: The construction phase is expected to create approximately 500 jobs, with 220 permanent positions upon completion.
Future Plans: Post-completion, there are plans to expand the complex to include ammonia and urea production facilities, with an additional investment of $200 million.
Publication/Revision Date:
5/9/2025