From: Justin Burke (JBurke@sorosny.org)
Date: Wed May 31 2000 - 11:31:43 EDT
KAZAKHSTAN PLANS TO QUADRUPLE OIL EXTRACTION
Kazakhstan plans to quadruple its oil output over the next decade and to
increase that output by 10 percent this year to 33 million
tons, Interfax reported on 29 May, quoting the deputy
president of the Kazakhoil national oil and gas company,
Galiusat Keshubaev. On 30 May, an unnamed spokesman for the
Tengizchevroil joint venture told Interfax that the venture
intends to raise daily production at its huge Tengiz oilfield
to 700,000 barrels per day by 2010. But he added that that
increase is contingent on the timely completion by mid-2001
of the Caspian pipeline from Tengiz to Novorossiisk. Meanwhile,
Kazakhstan will embark on building
a thermo-nuclear reactor in the town of Kurchatov in East
Kazakhstan Oblast next year, Interfax reported on 30 May. The
project should be completed within three years. LF
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