OREANDA-NEWS. October 13, 2011. Chairman of the Management Board of JSC NC "KazMunayGas" Kairgeldy Kabyldin and President of the Sinopec Group Corporation Wang Tianpu signed a Memorandum of Understanding in Astana on 22 September this year.

As specified in the Memorandum, the parties have declared their intention of cooperating in Kazakhstan and in third countries in the following areas: oil upstream, gas processing, oil refining and petrochemistry, engineering and technical services, information technology.

As is known, KMG NC and the Sinopec Group Corporation are jointly implementing the modernization of the Atyrau Refinery. In September, 2009 Sinopec Engineering (a subsidiary of Sinopec Group) won the tender to build the aromatics production complex in the Atyrau Refinery.