The acquisition is in line with the company's strategy of increasing its interests in copper and gold properties both in Azerbaijan and internationally.

The total annual capacity of the plant is 1.5 million tonnes of liquid products for both domestic market and export.

The loan is a part of a 450 million package to finance the upgrade of sections of the M-05 Kyiv-Odessa road in the Kirovohrad, Mykolaiv and Odessa regions.

Kazakhstan intends to increase oil production to 104.2 million tonnes by 2030 from the current 85.7 million tonnes, according to the country's energy minister.