He met with Mr. Yoon Young-Joon, the President of Hyundai Engineering there.

The parties discussed issues of interaction and the status of projects in the oil and gas chemical industry.

KazMunayGas, the portfolio company of the Fund, implements a number of large oil and gas chemical projects such as:

• gas separation unit in Atyrau region,
• polyethylene production plant in Atyrau region.

In June, at the 13^th meeting of the Kazakhstan-Korea Business Council, Hyundai Engineering and KMG signed a Cooperation Agreement, which will give impetus to the development of cooperation, Zhakupov emphasized.

Hyundai Engineering is a South Korean engineering company, a subsidiary of Hyundai Engineering & Construction, one of the largest construction concerns in the world.

It specializes in design, procurement, construction and commissioning of industrial facilities.