Wednesday, February 15, 2012

Kazakhstan

Kazakh, Ukrainian Energy Companies Sign Gas Deal

Ukrainian President Viktor Yushchenko at Naftohaz Ukrayiny headquarters in Kyiv (epa)

25 January 2006 -- Kazakhstan's state-run energy company KazMunaiGaz has announced the signing of a deal with Ukraine's national gas firm Naftohaz Ukrayiny to jointly prospect for gas in western Kazakhstan.

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January 25, 2006

KazMunaiGaz said in a statement today that the two sides had agreed to prepare a feasibility study on the Kulandy gas field in the Kazakh section of the Aral Sea and to start joint prospecting work on it.

The statement did not specify the amount of gas reserves the field is believed to contain.

The deal was reached after talks in Kazakhstan's capital, Astana.

It comes two months after Kazakh President Nursultan Nazarbaev and his Ukrainian counterpart, Viktor Yushchenko, agreed to boost energy cooperation in a meeting in Kyiv.

(AP)

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