Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

CASPIAN

KMG And Shell To Lead Kashagan Phase 2 Development

Kazakh state firm KazMunaiGaz (KMG) secured an agreement on 23 July allowing it to co-manage all production operations of the North Caspian Operating Company (NCOC), which operates the giant offshore Kashagan field and three smaller offshore fields, Kairan, Aktoty and Kalamkas. According to a 2009 agreement between the five main NCOC partners ExxonMobil, Shell, KMG, Total and Eni,...