Middle East Economic Survey


No 6



Kazakhstan To Delay Approval Of Kashagan Phase 2

Kazakhstans Minister of Oil and Gas Sauat Mynbayev told the Kazakh cabinet on 31 January that a decision on the final approval of Kashagan Phase 2 has been postponed due to the extremely high projected cost. Phase 2 is intended to raise Kashagan production from its Phase 1 maximum of 450,000 b/d to 750,000 b/d. Mr Mynbayev told reporters: The relevant authorities cannot yet approve...