Kazakhstan’s troubled Kashagan oil field, one of the most expensive and delayed projects from the US$100 oil era, has exported its first ever cargo of oil.
Originally scheduled to cost about US$10 Billion, project costs have spiralled over two decades to more than US$50 B I L L I O N
The giant field, which has become known in the industry as “C A S H ALL GONE" for its B U M P E R price tag and lengthy overruns, has shipped almost 200,000 barrels of crude, Kazakhstan’s energy ministry said.
