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On May 18, it was learned from the Sinopec News Office that during Kazakhstani President Tokayev’s state visit to China, Sinopec and Kazakhstan’s **Oil and Gas Company signed an agreement in Xi’an outlining the key terms for a joint venture to develop polyethylene production projects in the Atyrau region of Kazakhstan. The signing of this agreement marks Sinopec’s participation as a partner in the development and implementation of the project. This project is the largest natural gas chemical project in the region, and all parties are expected to make a final investment decision in 2024. When Sinopec officially joins the project in the future, all parties will sign an equity acquisition agreement and other relevant legally binding documents. Both sides stated that Sinopec and KazMunayGas have a long history of cooperation, and the signing of this agreement elevates their partnership to a new level. Sinopec’s capabilities in engineering, market sales, and production operations, combined with KazMunayGas’ strong local capabilities and resource advantages, can facilitate mutual complementarity in cooperation between the two parties, aiming for a win-win outcome. Both sides stated that Sinopec and KazMunayGas have a long history of cooperation, and the signing of this agreement elevates their partnership to a new level. Sinopec’s capabilities in engineering, market sales, and production operations, combined with KazMunayGas’ strong local capabilities and resource advantages, can facilitate mutual complementarity in cooperation between the two parties, aiming for a win-win outcome. Sinopec is a listed joint-stock company that operates in an integrated manner across the upstream, midstream, and downstream sectors of the oil and gas industry, both domestically and internationally. Its holding parent company, Sinopec Group Corporation, is the world’s largest oil refiner and the second-largest chemical company, and has for many years ranked among the top 5 companies on Fortune’s World 500 list. Kazakhstan **Oil and Gas Company is headquartered in Astana, Kazakhstan, and is the country’s main state-owned oil company. Its main business areas include oil and gas exploration and production, oil processing, oil product sales, storage, pipelines, and oilfield services.