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central asia

Russia and Kazakhstan push for hydrocarbon expansion with projects in Caspian | Source: Neftegaz Ru

Kazakhstan’s President Kassym-Jomart Tokayev revealed that Russia’s oil giant Lukoil would help Central Asia’s largest country develop oil fields located in Kazakhstan’s portion of the Caspian Sea. He stressed that they already started developing the large Kalamkas-Sea and Khazar fields. Kalamkas-Sea is an offshore field located in the northeastern part of the Caspian Sea, near the giant Kashagan field – one of the world’s largest discoveries of the past 4 decades. The total project cost will be about $5 billion.

Source: Neftegaz Ru


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