25 Dec 2014 18:37

Kazakhstan needs new plants built by multinationals - Nazarbayev

ASTANA. Dec 25 (Interfax) - Kazakh President Nursultan Nazarbayev has told his government to invite at least five more big global corporations to build processing plants in the country.

"Today I am setting the task before the government to try and invite in Kazakhstan at least five more of the world's biggest transnational corporations to build five new processing plants," the head of state said during a nationwide teleconference on presentation of "industrialization map" projects in Astana on Thursday.

"It appears to me that we must build a second phase of the aluminum plant in Pavlodar, a new metallurgical plant of quality steel, probably in Rudnoye or Kostanai, create metals instead of carrying ore," the president said.

"We might still need to build a new oil refinery so as not to beg for our oil from someone else. We might need to build several biggest oil and gas production facilities. They are expensive, cost billions of dollars, but they give the whole line of chemical products, from medications to clothing to polyethylene. Such is the big work we are to do. We will try to build a new copper-melting plant in Kazakhstan with a full cycle of cable products," said the head of state.