Kashagan promised new pipeline by start of next year

Kashagan, the giant oilfield located in Kazakhstan’s section of the Caspian Sea , will get the new pipes it requires to stem the leaks that have delayed operations by the beginning of next year, the country’s Energy Minister Uzakbai Karabalin has promised. Repairing the pipes will cost the consortium responsible for the field up to $3bn before it comes on stream in 2016. The consortium members are Eni, Exxon Mobil , Royal Dutch Shell, Total, China’s CNPC, Japan’s Inpex and the Kazakh state-run company KazMunaiGas. Tengrinews