INOGATE Programme
Italy to invest in Kazakhstan energy
During the visit of Kazakhstan President Nurultan Nazarbayev to Italy, the Italian company ENI and Kazakhstan's KazMunayGas (KMG) have signed an agreement on cooperation that paves the way for billions of dollars of investment in Kazakhstan's oil and gas production and refining.
ENI said that the companies would explore the Isatai and Shagala deposits on the Caspian Sea shelf, study projects for gas usage enhancement, construction of gas processing and gas-turbine power plants, and a shipyard, as well as modernization of Pavlodar Oil Refinery. The final decisions on investments in these projects will be made within two years after the completion of detailed feasibility studies.
| Concerned URL | http://WWW.TIMESCA.COM [] |
|---|---|
| Source of information | Central Asia newsletter |
| Release date | 12/11/2009 |
| Contributor | David Conway |
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