News 2015
April 2015MOL
About $ 200 mln will be invested in the Rozhkovskoe field, located in the Western Kazakhstan, informed Sandor Fashimon, Executive Director of Mol Hungarian Oil and Gas Plc. “It is expected that in the next 2 years approximately $ 200 mln will be invested, including about $ 60 million to be invested by our company”,- said Mr.Fashimon at the Kazakh-Hungarian Business Forum on April 1.
He explained that the Memorandum of Cooperation between the Hungarian oil and gas company, KazMunayGas and the Chinese FIOC (First International Oil Corporation). "We will start production at this field in the beginning of 2017, approximately in 2 years, after making some investments,"- he added. Rozhkovskoe oil field is located in the Zelenovsky district of West Kazakhstan region, 75 km north-east of Uralsk town.
In addition, the following documents were signed based on the Forum results: a memorandum of understanding between Su-Nasosy LLP and VIKUV Co Ltd, memorandum on cooperation in the area of training and human resources development between National Company KazMunayGas and Mol Hungarian Oil and Gas Plc, memorandum of intention on joint cooperation between E&P KazMunaiGas JSC, Mol Hungarian Oil and Gas Plc, FIOC (Sinopec Group), Ural oil and gas LLP, Zhaikmunai LLP.