The project to modernize the oil refinery is estimated at $1.07 billion. The Company plans to spend about $300 million to purchase equipment this year.
The Foreign Investors’ Council is an advisory body established to address key issues related to their investment activities in the country, and to improve the investment climate of Kazakhstan.
Kazakhstan President Nursultan Nazarbayev sent a telegram of condolences to the King of Spain Juan Carlos I over the railroad accident in Galicia region.