Due to the Caspian Sea Shallowing KazMunayGas and LUKOIL Will Build a Canal
A “one-time” passage is necessary for the development of the Kalamkas-Sea and Khazar hydrocarbon fields. KazMunayGas and LUKOIL will build a canal in the Caspian Sea to develop the Kalamkas-Sea and Khazar fields. This will have to be done due to the drop in the Caspian Sea level. Thus, the …
Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
Investments in Project of LUKOIL and KMG in Caspian Sea Could Amount to $6.5 Billion
Deputy Chairman of the Board of KazMunayGas Kuanysh Kudaibergenov clarified that KMG’s share in the project is 50% The volume of investments in the project of the national oil and gas company of Kazakhstan Kamunaigaz (KMG) and the Russian Lukoil Kalamkas – Khazar Operating may amount to about $6.5 billion. …