MOSCOW, September 27 (RIA Novosti) - The board of directors of Gazprom [RTS: GAZP] has approved the Russian energy giant's participation in a joint venture with Kazakhstan's state-owned KazMunaiGaz, Gazprom said Wednesday.
The company, to be established at the Orenburg Gas Processing Plant, will refine hydrocarbons produced in the Orenburg Region in the south Urals and at the Karachaganak gas and condensate deposit in Kazakhstan.
The maximum refining capacity (30.6 billion cu m, including 15 billion cu m of Karachaganak deposit) will be achieved in 2012.
