After long delays, Kashagan oil to slowly come on stream


The Kashagan shareholders think that the field may produce 12.9 million tonnes by year 2021

The peak oil at Kashagan will happen after the world market has already restored its supply and demand balance, experts say


ASTANA – In about one month, the long-awaited production at the largest oil field of Kazakhstan – Kashagan – will finally be resumed. Earlier, the Minister of Energy of Kazakhstan Kanat Bozumbaev had announced October 23 of this year as the official start date of the Kashagan project.

Kazakhstan’s largest oil field has proven to be quite difficult. After repeated delays, the production there was stopped because of gas leaks in September 2013, exactly two weeks after its start. Then, two weeks...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now