Kazakh Prime Minister Olzhas
Bektenov and Executive Vice President of Shell Peter Costello discussed the
prospects for increasing local content. In the near future, they will review
the Local Content Development Program to increase the procurement of goods,
works and services in the domestic market. The parties also discussed the
progress of joint projects in the oil and gas sector, noting that maintaining
oil and condensate production at a level of at least 11 million tonnes per year
is a priority for the Karachaganak expansion project. To this end, they will
ensure the timely commissioning of additional raw gas reinjection compressors.
The construction of a gas processing plant with an annual capacity of four
billion cubic meters, which is planned to be built at the expense of the
shareholders, is under consideration as well. There are plans to build a gas
processing plant for the large-scale development of the Kashagan field, which
produced over 18 million tonnes of oil and around 12 billion cubic meters of gas
last year.
