Chevron-Led Kazakh Venture May Borrow For $37B Project
ASTANA, May 26 (Reuters) - Tengizchevroil, a Chevron-led joint venture and Kazakhstan's No.1 oil producer, may take out loans and issue bonds to finance its $37 billion expansion project, a senior official of Kazakh state oil firm KazMunayGaz said on Thursday.
"There are different scenarios, but we think the full (cost of the project will be financed by borrowing)," KazMunayGaz deputy chief executive Daniyar Berlibayev told reporters.
(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Alexander Winning)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Tight Oil, Shale to Drive Majors' Output to New Highs (Oct 16)
- Saturno Brazil Pre-Salt Acreage Goes to Shell and Chevron (Sep 28)
- Canada Shale Drillers Feel Permian Pain as Prices Collapse (Sep 20)