Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, October 14 (Xinhua) — Russian oil company Lukoil, together with Kazakhstan's national oil and gas company KazMunayGas (KMG), have begun implementing a project to jointly develop the Kalamkas-Sea and Khazar fields on the Caspian Sea shelf. This was reported on Tuesday by the Kazinform news agency, citing Kazakh President Kassym-Jomart Tokayev.
Speaking at Lukoil's anniversary event, K.-Zh. Tokayev stated that more than $6 billion in direct investment is planned for the development of these fields, creating over 2,000 new jobs.
According to KMG, the project's total estimated recoverable resources amount to approximately 81 million tons of oil and 22 billion tons of gas.
K.-Zh. Tokayev noted that Lukoil, which first entered Kazakhstan in 1995, has invested over $12 billion in Kazakhstan's oil and gas industry, producing 94 million tons of oil and 60 billion cubic meters of gas.
Currently, Lukoil is also involved in the development of the Caspian Pipeline Consortium. –0–
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