Accessability Links
Search More News
Open the calendar popup.
Open the calendar popup.
App

Government of Kazakhstan to Become Partner in Karachaganak Project

15 December 2011 - 8:55AM
Chevron Corporation (NYSE:CVX) today confirmed that the Karachaganak project partners have reached an agreement with the government of Kazakhstan for it to become a 10 percent equity owner in the Karachaganak project. The transfer of equity to the Kazakhstan government is anticipated to occur on June 30, 2012.

“Chevron has a long and productive history in Kazakhstan,” said Chevron Vice Chairman George Kirkland. “We look forward to KazMunaiGas joining the Karachaganak partnership and working together toward further development of this field.”

The Karachaganak Venture is comprised of operators BG Group (32.5 percent) and ENI (32.5 percent), as well as Chevron International Petroleum Company (20 percent) and Lukoil (15 percent).

Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif.
Digg It! facebook google google-reader windows-live live-journal lycos propeller StumbleUpon Technorati yahoo Add This
Related headlines
Egypt expected to pay $1 billion to international oil firms within 2 months
23 April 2014 Egypt is expected to pay approximately $1 billion to the international oil companies it owes funds to within t...
Spencer Ogden wins prestigious Queen's Award for Enterprise
22 April 2014 Spencer Ogden has won The Queen’s Award for Enterprise, the highest accolade any UK business can receive. ...
Total calls time on its Shale license in Poland
16 April 2014 French major, Total has called time on its shale license in Poland. This poses a further setback for the c...