Kashagan oil may be partially supplied to ChinaEvery participant of the consortium has a right to sell oil individually and, thus, the route, destination and prices depend on the participants of the consortium working at Kashagan: Minister.
Crude production resumed at Kashagan oilfield“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.
07 October 2013
Crude production at Kashagan to be resumed in a few daysCrude production was suspended September 25 due to some faults of the gas pipeline. According to first estimates, the repairs were supposed to take 3-4 days. However, oil production hasn’t been resumed yet.
Fitch Ratings on oil production at KashaganThe onset of production is one reason we expect Kazakhstan's economic growth rate to recover after a slight slowdown in 2012: Fitch Ratings.
Oil production started at KashaganThe consortium has re-activated the first production well and produced the first oil from the field in the North Caspian Sea on September 11, 2013.
NCOC fined $10 thousand for dead seagullsNorth Caspian Operating Company, the operator of Kashagan oilfield, located in Kazakhstan's sector of the Caspian Sea shelf, was fined $10 thousand for harming the environment.