Kazakh Energy Minister Says New Tengiz Expansion Cost Too High

www.oann.com | 5/28/2019 | Staff
NUR-SULTAN (Reuters) – Kazakhstan believes the new, increased cost of the Tengiz oilfield expansion project is too high and wants Chevron and ExxonMobil to review it, Energy Minister Kanat Bozumbayev said on Wednesday.

Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, said last week that cost overruns would balloon project expenses by 25% to $45.2...
(Excerpt) Read more at: www.oann.com
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