May 2016, Vol. 243, No. 5

In The News

Russia, Kazakhstan to Dominate Upstream Projects by 2025

Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, according to research and consulting firm GlobalData. The company’s latest report, Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Countries of the Former Soviet Union, sad two other planned projects in the FSU region are in Kazakhstan, led by the colossal Kashagan crude oil project, which is thought to be the world’s largest discovery in the last 30 years. “Russia will account for most of the planned oil and gas production in the FSU, with Gazprom contributing the highest oil and gas prod

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