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Chevron, Exxon Commit to $36.8 Billion Expansion Project in Tengiz
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Oil Projects of western oil companies in remote regions that run into problems- the Kazakh oil project with over $30 billion in cost overruns
03/31/2014
Complex oil projects in remote regions that is adding to upward pressure on oil prices in 2014. Eni, Exxon, Shell, Total SA are part of the consortium of western oil companies in this project. The companies have failed to work well together on this project, and relations with KMG Kazakh state oil company are in worse shape than ever. ConocoPhillips sold its stake and exited the project.
Grouped Articles
How a Giant Kazakh Oil Project Went Awry
Wall Street Journal 03/31/2014
Chevron, Exxon Commit to $36.8 Billion Expansion Project in Tengiz
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