Zhaik Petroleum Gas Chemical Complex
PROJECT ID
303202601
SECTOR
Chemicals & Petrochemicals, Oil & Gas
PROJECT PHASE
Procurement & Construction
LOCATION
West Kazakhstan Region, Kazakhstan
START DATE
10/16/2025
END DATE
12/31/2027
INVESTMENT VALUE
$ 140 M
Active
Verified
Last Updated: 2 June 2026
Publication: 3 March 2026
PROJECT DESCRIPTION
The Zhaik Petroleum Gas Chemical Complex is an industrial project focused on the production of methanol from natural gas in Western Kazakhstan. The plant is designed with an annual production capacity of approximately 130,000 tons of methanol, positioning it as the first large-scale methanol production facility in the country. The project aims to reduce Kazakhstan’s dependence on imported methanol and enhance domestic value-added gas processing. Methanol produced at the facility is expected to serve the chemical industry, including plastics, paints, pharmaceuticals, and fuel additives. The development is part of broader efforts to strengthen ... Read more
Involved Companies & Contacts
INVOLVED COMPANIES & CONTACTS
COMPANY 1 INFO
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COMPANY 2 INFO
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Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
Other important details
The primary investor and project owner is Zhaik Petroleum LTD, supported by co-investment and financing participation from the Baiterek Venture Fund (a subsidiary of Qazaqstan Investment Corporation). The project also includes a technology partnership with XINJIANG SANBAO Industry Group Co., Ltd., and infrastructure support from regional authorities to facilitate construction and future operations.
The project to build a gas chemical complex for methanol production in the West Kazakhstan region has been underway for approximately three years. In December 2022, it was reported that Zhaik Petroleum LTD had signed an EPC contract for the construction of this facility with two Chinese companies: CITIC Construction Co. Ltd. (part of the CITIC Group holding company) and China Huanqiu Contracting & Engineering Co., Ltd. (part of CNPC).
The project was delayed primarily because of infrastructure preparation issues, particularly the slow provision and funding of a railway connection to the construction site at Beles village, which the investor repeatedly flagged and which had to be prioritized by regional authorities before full construction could proceed.
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