BAKU, Azerbaijan, Feb. 2
By Nargiz Sadikhova - Trend:
The construction of a gas processing plant will be launched at Kazakhstan’s Kashagan oil and gas field in 2021, Kazakhstan’s Minister of Energy Nurlan Nogayev said, Trend reports citing Kazakh media.
The minister noted that the plant’s construction is planned in accordance to the instructions of Kazakhstan’s President Kassym Jomart Tokayev. The plant’s capacity will be 1 billion cubic meters of raw gas a year, and the project implementation cost will be $860 million.
The minister noted that the country’s government has worked out a number of issues needed for the successful implementation of the project. In particular, the project was supplied with required raw materials, infrastructure (water supply, gas supply, electricity), and the issue of financing the project was worked out.
The Kashagan field is one of the three largest oil fields located in the northern part of the Kazakh sector of the Caspian Sea. Its recoverable reserves reach approximately 9-13 billion barrels (1-2 billion tons) of oil.
The first commercial oil production started at Kashagan in 2016. The project operator North Caspian Operating Company (NCOC) shipped the first million tons of oil for export in early 2017. NCOC has reached a record-breaking volume of oil extraction at the field (390,000-400,000 barrels a day) in 2019.
---
Follow the author on Twitter: @nargiz_sadikh