ASTANA – On February 18, the fate of the prospective sea section of the Zhenis field, located on Kazakhstan's part of the Caspian shelf, was finally decided. Zhenis's reserves are estimated at 100 million tonnes of standard fuel.

The joint venture, which will include Kazakh state oil and gas company KazMunaiGas and the Russian oil and gas giant, LUKOIL, will be engaged in the development of this section. This decision was made after direct negotiations in Astana with the participation of Kaza...

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