Middle East Economic Survey
Kazakhstan And Russia Reach $23Bn Deal To Develop Offshore Kurmangazy
Kazakhstans KazMunaiGaz and Russias Rosneft on 6 July reached an agreement covering the development of the offshore Caspian Kurmangazy oilfield. The deal calls for $23bn to be invested over a 55-year period, including 10 years of exploration. The signing of the production-sharing agreement (PSA) was attended by Kazakh President Nursultan Nazarbayev and Russian...