TATNEFT signed in Kazakhstan the Basic Terms of Cooperation of Agreement on the butadiene project and the Agreement of Intent on the implementation of the road bitumen production project.

The documents signing took place with the participation of the Askar Mamin, Prime Minister of the Republic of Kazakhstan, and the Rustam Minnikhanov, President of the Republic of Tatarstan. The agreement on the basic terms of interaction on the Butadien project was signed by Nail Maganov, General Director of TATNEFT and Alik Aidarbayev, Chairman of the Management Board of NC KazMunayGas.

TATNEFT plans to implement the project for the production of butadiene rubbers in the Atyrau region together with NC KazMunayGas until 2025.

The facility capacity will be 186,000 tonnes of butadiene rubbers and 170,000 tonnes of isobutane. The raw material for the factory will be butane produced by OOO Tengizchevroil. Finished products will be supplied to the KamaTyresKZ tyre manufacturing factory in the Karaganda region, as well as for export to European countries, Russia, China, Turkey and others.

Beibut Atamkulov, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan, and Nail Maganov, General Director of TATNEFT, put their signatures under the agreement of intent to implement the project to organize the production of road bitumen.

The Agreement signing opens up the possibility of building a factory on the territory of the Republic of Kazakhstan with a production capacity of 300 thousand tonnes of road bitumen per year.

Nail Maganov, General Director, PJSC TATNEFT said, "The new joint butadiene production project is closely related to the construction of the Tyre Manufacturing Complex in Saran. We will provide local raw materials to ensure tyre production in Kazakhstan. The agreement on the road bitumen production will allow assessing the possibility of joint implementation of this project in Kazakhstan. In general, our projects contribute to the base of the Eurasian Economic Partnership of our countries."

Alik Aidarbayev, Management Board Chairman of NC KazMunayGas said, “We actively cooperate with TATNEFT in the areas of enhanced oil recovery, efficient development of mature fields and in many other areas. And now we are jointly starting the implementation of a large gas chemical project in Kazakhstan for the production of butadiene, the future products of which will also be supplied to the tyre manufacturing factory."

"TATNEFT is one of the leaders in the production of butadiene and processing the products thereof. We are confident that the experience and the existing competencies of TATNEFT and KazMunayGas will make it possible to successfully implement this project," added Aidarbayev.