Middle East Economic Survey

VOL. L

No 24

11-June-2007

CASPIAN

Karachaganak Agrees New Gas Sales Deal With Russia/Kazakh JV

Karachaganak Petroleum Operating (KPO) on 1 June announced it had reached agreement on a gas sales deal with Russian-Kazakh joint venture KazRosGaz that entails the shipment of some 16 bcm/year of raw gas to the Orenburg processing facility in Russia early next decade. BG and Eni are co-operators in KPO, which is developing the Karachaganak gas condensate field in northwestern...