VOL. XLVII

No 02

12-January-2004

CASPIAN

Karazhanbasmunai Plans To Produce 40,000 B/D Of Crude

Karazhanbasmunai, which operates the Karazhanbas oilfield on Kazakhstans Buzachi peninsula and is 94.6% owned by Canadas Nations Energy, plans to increase output to 2mn tons (40,000 b/d) during 2004. Vice President James Hardy said in Almaty on 22 December that the field produced 1.8mn tons during 2003 and that output would rise in the coming years as the number of production wells increased, operating...