Nazarbaev said the pact is "of world significance." He estimated Kurmangazy's oil reserves at one billion tons. Putin agreed with Nazarbaev's opinion. Putin said joint investments in the project -- which he said started in 2002 --
will amount to $22-23 billion, while the expected profit may reach $50 billion.
Putin arrived in Astana to take part in the summit yesterday of the Shanghai Cooperation Organization, which groups
Russia, Kazakhstan, China, Tajikistan, Kyrgyzstan, and Uzbekistan.
(RFE/RL's Kazakh Service, ITAR-TASS)
will amount to $22-23 billion, while the expected profit may reach $50 billion.
Putin arrived in Astana to take part in the summit yesterday of the Shanghai Cooperation Organization, which groups
Russia, Kazakhstan, China, Tajikistan, Kyrgyzstan, and Uzbekistan.
(RFE/RL's Kazakh Service, ITAR-TASS)
