An oil extraction production facility worth 5.3 billion tenge will be built in northern Kazakhstan in 2026.

LLP "Otan Astygy" is investing 5.3 billion tenge in the construction of an oil extraction complex in the Kostanay region of Kazakhstan, reports the AIC News agency. The implementation of the investment project "Construction of an Oil Extraction Complex" is planned in the Zhangeldy district. The slide presented in the akimat reports that its cost will be 5 billion 300 million tenge. Of these, 4 billion 700 million tenge are credit funds, 600 million tenge are own funds. Meanwhile, as reported in the Kostanay region akimat by the district akim, according to the head of the region's instructions, work was carried out to optimize expenses by 300 million tenge. In addition, the share of own participation from 600 million tenge was increased by the investor to 1.8 billion tenge. The share to be attracted from SPK Tobol was reduced to 3.5 billion tenge. The project capacity of the plant is the production of sunflower and safflower oil of 22,000 tons per year, and oilcake of 32.8 thousand ...