07:59 GMT +321 October 2017
Live
    Business

    ASTANA, MOSCOW DISCUSS BUILDING OF GAS PROCESSING PLANT IN KAZAKHSTAN

    Business
    Get short URL
    0 101
    ASTANA, April 5, 2004. (RIA Novosti) - Kazakhstan is negotiating with Russia for the construction of a major gas-processing plant at Karachaganak oil field in Kazakhstan's west.

    "We are conducting serious negotiations with the new Russian government on the construction of a gas-processing plant at Karachaganak," the Kazakh Minister of Energy and Mineral Resources, Vladimir Shkolnik said on Monday.

    According to him, "if this decision is taken, Kazakhstan will finance 60-70 per cent of this project and the contractor will have to finance 30-40 per cent." According to the Kazakh Ministry of Energy and Mineral Resources, the plant can cost $1.2 billion and will pay off in 7-8 years. Gas price on the Russian-Kazakh border should be $49-$54 per cubic meter to provide the profitability of the project.

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment