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Government agreed to postpone beginning of commercial extraction in Kashagan by 2013
11:56 30.06.2008
text: "Kazakhstan Today" views: [84] Related articlesOil extraction in Kashagan to make 450 thousand barrels a day by October 1, 2013 - Mynbayev Agip to start commercial production at Kashagan in 2007-2008 Government created commission on establishment of individual tax rates for extraction of minerals Kazakhstan extracted more than 9.5 million tons of oil for two months Astana. June 30. Kazakhstan Today - The government of Kazakhstan has agreed to postpone the beginning of commercial extraction in Kashagan deposit by 2013. The Minister of Energy and Mineral Resources Sauat Mynbayev informed at the government session on Saturday, the agency reports.
"The memorandum was signed on Friday, according to which we agreed to postpone the term of the beginning of commercial extraction by 2013. If extraction starts after October 1, 2013, the expenses of the consortium will not be compensated by Kazakhstan," S. Mynbayev said. The Minister expressed hope that the beginning of commercial extraction is postponed for the last time.
"The negotiation group has demonstrated sufficient adherence to the principle of upholding interests of Kazakhstan," the Prime Minister of Kazakhstan Karim Masimov noted.
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