Exxon, Shell Said to Face Delay on Kashagan Output BoostNariman Gizitdinov
Exxon Mobil Corp., Royal Dutch Shell Plc and their partners in Kazakhstan’s Kashagan oil field face a delay of at least two years on a plan to boost output 20 percent, reducing the time they have to recoup costs in the $46 billion project that’s already running eight years late, according to two people with knowledge of the matter.
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