Budget for Kazakh Kashagan field rises to $46 billion

摘要

Moscow-The partners in Kazakhstan's giant Kashagan offshore oil project have submit- ted to the Kazakh government a proposal to boost the project's phase-one budget to $46 billion, a spokesman for the country's oil min- istry said January 13. The current budget of Kashagan's first phase is understood to exceed $38 billion, but the ministry spokesman declined to reveal the proposed cost breakdown by company. "We'll disclose all details once the gov- ernment takes a decision on the issue," the spokesman said, declining to provide a time frame for the decision.