An Uzbek company, PetAgroOil, will invest KZT 33.7 bn (approx. $75 mln). The company plans to build a large oil extraction plant in Lisakovsk, Kostanay region, Kazakhstan.
Regional authorities call the project a key step for agro-processing growth.
It is also seen as a driver for attracting more foreign direct investment (FDI).
Annual capacity to reach 200,000 tonnes
The plant will process up to 200,000 tonnes of raw materials annually. That includes 170,000 tonnes of sunflower seedsand 30,000 tonnes of rapeseed.
The expected output is 90,000 tonnes of finished oil products each year.
A new Kazakh company, Lisakovsk Oil Extraction Plant LLP, has been registered to implement the project. A 16-hectare land plot has already been allocated, and paperwork for an investment contract is under way.
Construction to begin after design phase
Once land rights are formalised, a contract for design and cost documentation will be signed. Construction will follow.
The plant’s launch is scheduled for December 2026, according to Lisakovsk mayor Abay Ibraev.
The project will create around 100 new jobs.
Strategic investment after export liberalisation
Local officials view the factory as a strategic investment to strengthen regional agro-industry and expand Kazakhstan’s processing capacity.
The move also follows Uzbekistan’s March 2024 decision to lift the ban on vegetable oil exports, including cottonseed, sunflower, and soybean oil — even if derived from imported oilseeds.
Kursiv Uzbekistan also reports that Uzbekistan launches the Unified Registry for Betting and Gambling Players.
