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Belarus and Kazakhstan agreed upon new joint projects and contracts

Belarus governmental delegation’s official visit to Kazakhstan led by Prime Minister Mikhail Myasnikovich resulted in signing a number of new agreements on cooperation and making new contracts.

In particular, the parties considered NC KazMunaiGaz possible participation in the Mogilevkhimvolokno modernisation project. A project was discussed with Kazakhstani businessmen to launch the production of terephthalic acid at Mogilevkhimvolokno. Belarus suggested setting up a joint company as a part of the project with 50 % share. The total investment is estimated at $1 billion.

Besides, Mogilevliftmash and Irtyshlift coordinated the supplies of lifts and equipment to the joint company next year. RUE Mogilevkhlebprom signed an agreement on the delivery of confectionary to Kazakhstan in 2013.

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