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News Kashagan oilfield - next phase of the project


On August 12, KazMunaiGas' chairman, Kairgeldy Kabyldin, announced the company had finally signed a deal to increase its stake in the operating company for the offshore Kashagan oilfield. Kabyldin also said that KazMunaiGas would invest $8bn in Kashagan by 2014, but there would be further delays to the second phase of the project, which is now due to start in 2018 or 2019.

Concerned URL http://businessneweurope.eu/storyf2256/Kazakhstan_reasserts_control_over_big_energy_projects [open in new window]
Source of information BNE
Release date 18/08/2010
Contributor Elena Nikitina

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