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LINDE

(LNA)
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Linde : JSC NC 'KazMunayGas' and Linde AG signed a Memorandum of Understanding

12/09/2019 | 08:24am EST

On December 5, 2019, as part of the official visit of the President of the Republic of Kazakhstan to the Federal Republic of Germany in Berlin, the Memorandum of Understanding was signed between JSC NC 'KazMunayGas' (hereinafter KMG) and the German transnational chemical company Linde Aktiengesellschaft (Linde AG).

The memorandum was signed by KMG Chairman of the Board Alik Aidarbayev and Dr. Christian Bruch, member of the Board of Linde AG. According to the document, the parties intend to cooperate in the field of utilization and processing of natural and associated petroleum gas in the Republic of Kazakhstan, including in the field of technology transfer, training and the exchange of experience.

'I am convinced that the Memorandum of Understanding signed today will give a new impetus to the gas processing sector, and our future partnership will bring investments, technologies, new jobs to the economy of Kazakhstan and the country's oil and gas complex,' Alik Aidarbayev noted in his speech at the meeting.

Recall that in October 2019, KMG and Linde AG experts discussed the possibility of creating a joint venture as part of a project to build a gas processing plant in the city of Zhanaozen in the Mangistau region of Kazakhstan.

JSC National Company KazMunayGas is a Kazakhstan national operator for the exploration, production, processing and transportation of hydrocarbons. 90.42% of the shares of JSC NC 'KazMunayGas' belongs to JSC 'National Welfare Fund' Samruk-Kazyna ', 9.58% - to the National Bank of the Republic of Kazakhstan.

Lindeis a leading global company in the field of industrial and medical gas production and engineering with a sales volume of about 28 billion US dollars (24 billion EURO) in 2018. Linde provides services to its clients in more than 100 countries in the form of innovative and environmental solutions that create a long-term economic effect for all project participants. The company makes the world more productive by delivering products, technologies and services that help customers improve economic performance and environmental conditions in our interdependent world. Linde has established itself as a reliable partner; as a result of Linde's investments, modern, energy-efficient air separation units have been built and commissioned in the Republic of Kazakhstan.

JSC National Company KazMunayGas

Actual address: Republic of Kazakhstan, 010000, Nur-Sultan, Esilsky District, ul. D. Kunaev, 8, administrative building 'Emerald quarter', block 'B'

Contact:

Tel: + 7 (7172) 78 61 01

Fax: + 7 (7172) 78 60 00

Web: www.kmg.kz

(C) 2019 Electronic News Publishing, source ENP Newswire

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