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Russian company intends to invest in oil refining in Kyrgyzstan

Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov met with the Chairman of the Board of Directors of Titan Group (Russia) Mikhail Sutyaginsky. The press service of the Cabinet of Ministers reported.

The parties discussed the prospects for cooperation in the industrial, agro-industrial and petrochemical sectors. Mikhail Sutyaginsky noted that Kyrgyzstan is of great interest to investors, and the country’s liberal laws allow doing business in the most comfortable conditions, and added that the company was ready to cooperate in all areas of mutual interest.

The press service of the Presidential Envoy to Chui region also reported that Titan representatives visited the region. Kanat Dzhumagaziev proposed cooperation in the field of compounding commercial gasoline in Kyrgyzstan. The company expressed interest in creating a joint venture or other forms of cooperation.

Titan is among 600 largest Russian companies involved in the development of the country’s petrochemical complex, produces more than 500,000 tons of products per year, and implements international environmental and social projects.

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