Middle East Economic Survey
VOL. LIV
No 15
8-Apr-2011
CASPIAN
Kazakhstan May Delay Kashagan Phase 2 By Three Years
The Kazakh authorities are considering freezing Kashagan oil production at the Phase 1 level for a period of up to three years before deciding on the details of Phase 2 and Phase 3, which are intended to raise output to a plateau level of 1.5mn b/d, the UKs Daily Telegraph reported on 5 April. Phase 1 is expected to come on stream at an initial rate of 280,000-300,000 b/d by...
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