Dec. 22 – Eni assessed its presence in Kazakhstan, taking stock of its activities, in a meeting between Prime Minister Karim Massimov, Energy Minister Vladimir Shkolnik and Eni CEO Claudio Descalzi. ” In the meeting, – reads a statement from the group – Claudio Descalzi illustrated the positive progress of Eni’s activities in Kazakhstan, with a particular focus on the projects for the Kashagan and Karachaganak fields, and Eni’s partnership with State Oil Company KazMunaiGaz, both for the Isatay offshore exploration area and the shipyard project in Mangystau Region.” Descalzi also commented on the recent agreement between the government of Kazakhstan and the Kashagan partners, which resolved a number of operational, financial, and ecological matters. “This agreement provides further momentum to achieve the earliest safe restart of Kashagan production and reinforces our strategic decision to continue investing in Kazakhstan, a country with supergiant oil and gas fields and a positive investment climate. These factors are particularly relevant in the current volatile market, which requires our industry to be increasingly selective in the capital investment.” Eni has been present in Kazakhstan since 1992, where it is co-operator of the Karachaganak field and participates in the North Caspian Sea PSA consortium, responsible for the operations related to the Kashagan field. (Red)
