INTERFAX-KAZAKHSTAN NEWS AGENCY, 15.06.2011

AKSAI, Western Kazakhstan Oblast, 14 June 2011. Interfax-Kazakhstan - Karachaganak Petroleum Operating B.V. (KPO) announced that it has successfully put into operation an additional liquid stabilization train at the Karachaganak Processing Complex (KPC).

 

The start-up of the new oil processing facility at KPC, which adds on the already existing three trains, will enable the stabilization capacity of the plant to increase by 2.57 million tonnes of condensate per year.

KPC is the main processing unit at the Karachaganak Field, preparing oil to be exported via Atyrau for sale on international markets. The plant also provides fuel gas supply for the field's power station and sweet gas supply to the local market.

The total volume of investments by KPO to construct the additional train (Train D) has exceeded $1 billion. The major works were conducted by 14 Kazakhstani contractors employing over 2,900 people with $650 million spent in the Republic of Kazakhstan.

Speaking on completion of the project Giuseppe Pasi, KPO General Director, said: "We start up the new facility, once again demonstrating the commitment of the Karachaganak Venture to continue investing into the development of the Karachaganak Field."