Oil Minister hopes new Kashagan operator will manage the project more effectively

Date: 05:17, 28-05-2014.

Astana. May 28. KazTAG - The new Kashagan operator will manage the project more effectively, said Uzakbay Karabalin, Minister of Oil and Gas.

"There has been transformation in the NCOC, the managing company of Kashagan and North-Caspian project, according to it a new unified management system will be organized, i.e. a new operator, which will involve the best specialists of all the contractors of the consortium. The question is not only in unification of 3 or some companies, all together they will take part in the creation of this new operator," he said.

Organization transformation in the system of this operator is expected to finalize in September this year.

"All the proposals made by the consortium show that the work of this operator must be much more effective than it used to be before. It is connected with dissatisfaction of us and of the contractors with the organization system. It was costly and decision making process was very long because of difficult hierarchy," he said.

In his words, the new decision making system will be facilitated.

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