Kazakhstan, Astana, 15 April / Trend D.Mukhtarov /
Over $17 billion has been invested in the development of the Karachaganak field, CEO of the Karachaganak Petroleum Operating B.V. (KPO), Damiano Ratti said during a visit of the Prime Minister of Kazakhstan Serik Akhmetov to the Karachaganak oil and gas field as part of his working visit to the West Kazakhstan region, KPO's press service reported.
"To date, KPO's partners have invested over $17 billion in the development of the Karachaganak field. This has resulted in direct payments to the budget of Kazakhstan amounting to $8.8 billion," Damiano Ratti said.
According to him, the most advanced production technologies are being used during the development of the field to ensure a maximum economic return for Kazakhstan and the project partners.
As stated in a press release, during the meeting Prime Minister Serik Akhmetov was informed of the course of the discussion over the next phase of development of the Karachaganak field.
The relevant ministries were given instructions to clarify options for the project's expansion and the need to further increase the number of Kazakh specialists in the management of the company.
Karachaganak Petroleum Operating B.V. is a consortium of companies for the implementation of the Karachaganak project. Following the transfer of shares of the national company of Kazakhstan, the shares are distributed as follows: British Gas Group (BG Group, UK) - 29.25 per cent; Eni (Italy) - 29.25 per cent; Chevron (USA) - 18 per cent, Lukoil (Russia) - 13.5 per cent and KazMunaiGas (Kazakhstan) - 10 per cent.