Kazakh President Sees ‘Serious’ Oil at Blighted Kashagan in 2014
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Kazakhstan President Nursultan Nazarbayev said he expects “serious” output from the nation’s largest oil deposit this year after waiting almost half his 23 years in office for the $48 billion project to start.
The Kashagan field was halted in October, a month after production started, because of defects found in pipes carrying lethal sulfur-laden natural gas from the oil field. The operating company, a venture that includes Exxon Mobil Corp. and Royal Dutch Shell Plc, is completing tests at the site and hasn’t said when output will resume.