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Caspian Sea Corporation to begin works on creation of National center for sulfur in 2008

Aktau. April 14. Kazakhstan Today - Within the assignment of the President of Kazakhstan Nursultan Nazarbayev the National Company Caspian Sea plans to realize in Atyrau oblast the project of construction of the National center for sulfur, the chairman of the board of the Social-Industrial corporation Caspian Sea Bolat Palymbetov informed the agency on Thursday. The purpose of creation of the center is decrease of pressure on ecological situation in Atyrau oblast, solution of the problem of intermediate term and long-term storage of sulfur and management of sulfuric resources in Kazakhstan. B. Palymbetov noted that the Ministry of Energy and Mineral Resources of Kazakhstan and the Ministry of Environmental Protection will take part in creation of the center. These departments will control and give recommendations on observance of nature protection legislation and compliance with the interests subsoil use and the state. The Social-Industrial Corporation Caspian Sea will render technical support to the project: creation of the center, financing (attraction of investors), carrying out of tender for construction and selection of operators. The chairman of the Social-Industrial Corporation Caspian Sea informed that Company Tengiz Chevroil will take part in realization of this project and will render technical support. The company will advise at the preparation stage of the concept and will finance the feasibility report. At the first stage of realization of the project (2008 - 2009) the concept of the feasibility report will be developed and at the second stage (2009 - 2010) - the design-budget documentation and construction. The cost of the first stage tentatively makes 337.4 million KZT, or $2.8 million. Volume of financing of the second stage will be defined after completion of the first stage. As B. Palymbetov noted, KING Company created the program of the National center of storage of sulfur. The chairman of Social-Industrial Corporation Caspian Sea reminded that on February 18, 2008 in the Ministry of Energy and Mineral Resources with participation of the Ministry of the Environmental Protection the extended meeting of the representatives of KazMunayGaz Company, KING Company, Social-Industrial Corporation Caspian Sea, akimat of Atyray oblast, and Tengiz Chevroil. The working group was created on February 26, 2008 with participation of the above mentioned companies.

Resourse: Kazakhstan Today

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