Baku, Azerbaijan, May 7
By Elena Kosolapova - Trend:
Kazakhstan's President Nursultan Nazarbayev and John Watson, chairman of the board and CEO of the US Chevron Corporation have discussed the expansion of the company's participation in developing the fields in Kazakhstan, press service of Kazakh president said.
The discussions were held during a meeting in Astana.
The parties also discussed the future cooperation between Kazakhstan and Chevron in the oil and gas sphere, as well as in the implementation of joint projects.
Watson noted that overhaul work will be carried out at Kazakhstan's Tengiz field where Chevron has the largest share. He added that this work will make it possible to stop the sulfur emissions into the atmosphere.
Nazarbayev, for his part, noted that Kazakhstan is going through hard times due to the lower oil prices.
"It is necessary to learn to live with such prices," he added.
Chevron is a shareholder of the projects for developing the largest oil fields - Tengiz and Karachaganak - in Kazakhstan. It has a share in the Caspian Pipeline Consortium and owns a plant for manufacturing polyethylene pipes in Kazakhstan's Atyrau city.
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