Kazakhstan will need $500m per year up to 2020 in order to implement its petrochemical strategy, specialists with the Nexant LTD expert company have told a meeting with the country's premier Danial Akhmetov.

The Prime Minister said that Kazakhstan had considerable hydrocarbon resources though it lacked a developed petrochemical industry. As a result, the country loses not only profits but also raw materials. For example, oil and gas producers burn a huge amount of associated gas, which could be used efficiently with the help of high technologies.