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KazMunaiGas JSC invests over 203 billion tenge in Kashagan project

Oil&Gas Materials 25 February 2010 14:55 (UTC +04:00)

Kazakhstan, Astana, Feb.25 / Trend , K. Konyrova /

KazMunaiGas joint-stock company invested about 203, 6 billion tenge ($ 1 - 147.34 tenge) in the North-Caspian project (Kashagan) in 2009, JSC KMG's finance director Assia Syrgabekova told Trend .

"If one takes the investment portfolio, it is significant. In 2009, in general, capital investments are planned at 414 billion tenge", Syrgabekova said.

She noted that, a significant part of these investments is KMG's part in the North-Caspian project.

Syrgabekova said that actual investment volume amounted to 358 billion tenge in 2009.

"That is, non-fulfilment of its investment program amounted to 56.6 billion tenge, of which 51 billion tenge is undeveloped on the North-Caspian project. But the rest of the investment program is the development of production on all our new projects, almost 100 per cent has been fulfilled", Syrgabekova said.

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