NUR-SULTAN, Nov 6 (Reuters) – Kazakhstan believes the new, increased cost of the Tengiz oilfield expansion project is too high and wants Chevron and ExxonMobil to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, said last week that cost overruns would balloon project expenses by 25% to $45.2 billion.. “Generally, we told them that in our opinion the sum is too high,” Bozumbayev told reporters when asked about Tengiz costs. …read more
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