Middle East Economic Survey


No 11



Shell Expects Economic Situation To Reduce Kashagan Development Cost

Shells Kazakhstan Country Chairman Campbell Keir told reporters in Almaty on 10 March that the company expects to invest up to $900mn/year in Kazakhstan in the near future, with most of the outlay being for the development of the giant offshore Kashagan field. He added: The economic situation and low oil prices should allow us to bring the cost down. Shell is a...