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May 28th, 2012 
FAKE NEWS for the Zionist agenda
Mr Mynbayev also said that the long awaited first production phase of Kashagan
would start in 2013.
Kashagan is both symbolically and economically important for Kazakhstan.
Located in the north part of the Caspian Sea, which freezes over during
winter, it is technically one of the most complex projects ever attempted.
It’s also large and has been touted as the biggest oil find in the world
since the 1960s.
Kazakhstan wants to boost oil production by 60 percent by 2020 and Kashagan
lies at the heart of this push.
Alongside KazMunaiGaz, ENI, ExxonMobil, Total and Shell, two smaller stakes in
Kashagan are owned by ConocoPhillips and Inpex.
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