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The Moscow Times: Business in Brief

Thursday, September 13, 2007. Issue 3742. Page 6.

Kashagan Date Set

ALMATY, Kazakhstan — Kazakhstan has given Eni until Oct. 22 to negotiate a “friendly” deal on the development of Kashagan, the world’s biggest oil discovery in three decades, after Tuesday calling Eni’s development plan unacceptable.

“The sides have until Oct. 22 to negotiate a friendly settlement,” Prime Minister Karim Masimov said Wednesday, a day after holding talks with Eni CEO Paolo Scaroni. (Bloomberg)

Sakhalin Plan Ready Soon

Gazprom will present an environmental-protection plan for its Sakhalin-2 project at the end of September, Sakhalin Governor Alexander Khoroshavin said Wednesday.

Gazprom will give the Natural Resources Ministry an extensive plan for the lifetime of the Sakahlin-2 development, according to a statement posted on the web site of the Sakhalin governor. (Bloomberg)

Kovykta Gas Sale Held Up

Gazprom and TNK-BP will delay the closure on the sale of the Kovykta gas field, the largest in Siberia, until Dec. 1, Gazprom said in a statement Wednesday.

Gazprom CEO Alexei Miller and TNK-BP’s head of gas projects, Viktor Vekselberg, are extending talks as they seek to agree on a price and how to structure the transaction, Gazprom said. (Bloomberg)

http://www.themoscowtimes.com/stories/2007/09/13/061.html

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