No 42

15 October 2001


KPOPlans $2.5Bn Investment In Karachaganak, Exports To Resume By End October

Speakingin Almaty on 2 October, John Morrow, the General Director of the KarachaganakPetroleum Operating BV (KPO), a subsidiary of the Karachaganak IntegratedOrganization (KIO) and operator of the oil/gas condensate field in northwesternKazakstan, said the consortium would invest some $2.5bn in the project betweennow and 2003. Karachaganaks recoverable reserves are put at 2.4bn...