KMG: Second phase of development of Kashagan postponed to 2018-2019
Kazakhstan, Astana, Aug. 12 / Trend S.Suleymanov /
Launch of the second phase of development of the Kashagan field is transferred to 2018-2019, Kazakhstan national company KazMunayGas (KMG) Head Kairgeldi Kabildin said at the board meeting of the National Welfare Fund Samruk-Kazyna Aug.12.
"Participants of the Kashagan project informed the Oil and Gas Minister about that period of implementation of the second phase of the Kashagan field is transferred to 2018-2019," Kabildin said.
According to him, launch of realization of the Caspian Oil Transport Systems (CCST) also automatically postponed.
Earlier Kabildin said that the construction of the CCST was postponed to a later date, as those quantities of oil that would be produced at the Kashagan in the first phase, will be transported via existing pipelines: CPC, Kazakhstan-China and by rail.
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