VOL. XLIV
No. 16
16-April-2001
CASPIAN
KIO To Invest $2.5Bn Over Next Two Years, Draws Criticism From Government
The Karachaganak Integrated Organization (KIO) plans to invest nearly $2.5bn in developing its oil/gas condensate field in northwest Kazakstan during 2001 and 2003, according to KIO General Director John Morrow. KIO has already invested $2.6bn in Karachaganak, but it has recently come under government criticism for failing to employ enough Kazak workers and to purchase materials...
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