Russia’s Tatneft PJSC and Kazakhstan’s state-owned oil and gas corporation KazMunayGas have inked a deal to set up a 75/25 joint venture that will focus on producing butadiene and butadiene rubbers. The JV is expected to begin production in 2026 at the SEZ “National Industrial Petrochemical Technopark” in the Atyrau region in Kazakhstan. It is expected to create about 2,000 job positions during the construction stage, and more than 700 jobs when it is operational.
The joint venture plant is designed to produce 180,000 tons/year of butadiene and butadiene rubbers. Tatneft and KazMunayGas are now considering options for financing the project which is estimated to cost $1 billion. Kazakhstan’s Tengiz and Korolev fields will provide the new site with raw materials. The finished product will be sold to a domestic tyre manufacturing factory and exported to Europe, Russia, China, Turkey, and other countries.
