Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Peter Costello, President of Shell's Exploration and Production Division, DKnews.kz reports.
The discussions focused on the implementation of joint oil and gas projects and prospects for further cooperation. The meeting was also attended by Ali Al-Janabi, Senior Vice President and Chairman of Shell in Kazakhstan, and Suzanne Kugean, Vice President for Exploration in Key Countries and Namibia.
Shell is carrying out several major initiatives in Kazakhstan's oil and gas sector, including participation in the CPC pipeline project, the North Caspian and Karachaganak fields, modernization of the Pavlodar Oil Chemistry Refinery (POCR) to produce winter diesel fuel, as well as geological exploration and scientific research of the subsoil.
Particular attention during the meeting was given to the construction of a gas processing plant with a capacity of 4 billion cubic meters per year at the Karachaganak field. The importance of its accelerated implementation was emphasized.
The development of the Kashagan field was also discussed. The parties reviewed plans to fast-track phases 2A and 2B, which include the construction of a 2.5 billion cubic meter per year gas processing plant and development of new sections of the field.
The Prime Minister expressed the Kazakhstan Government’s readiness for continued mutually beneficial cooperation.
