Oil Industry Equipment Plant Slated for Mangystau Region

New plantAKTAU – Mangystau Region Akim (Governor) Alik Aidarbayev met recently with representatives of the Spanish company Ros Roca Group to discuss building a factory to produce equipment for oil and gas companies at the Aktau Seaport Free Economic Zone.

Construction is expected to begin in June 2014 on a 100-hectare lot on the territory of Aktau Seaport.

“Aktau City has good prospects for development. We considered the possibilities of several regions of Kazakhstan, but Aktau has the most suitable climatic conditions and logistics,” said Ros Roca Group’s Founder Salvador Roca.

Together with the Samruk Kazyna National Welfare Fund, the Ros Roca Group has invested 534 million euros (US$735 million) in the new plant. The plant is expected to create 4,000 jobs and will include an industry training centre.

“Our factories work worldwide. One of our plants manufactures equipment for transportation of chemicals and other hazardous substances. We are leading in transportation of liquefied gas. In Aktau, we are planning to produce generators, engines, compressors for oil industry,” said company representatives.

The region supports the Spanish company’s project because the plant’s products will be in demand both in the oblast and in the markets of Commonwealth of Independent States countries, said Aidarbayev.

“In the future, we intend to further develop Kazakhstan’s Caspian sector. About $50 billion was invested only in the Kashagan deposit and there are a number of promising fields in the region,” said Aidarbayev.

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