Within 25 years $116 m. will be invested into development of "Tenge" field

/Kazakhstan today, May 12, 03/ - Source of financing for the project of development of Tenge field in Mangistau oblast is foreign investments, which are to be equal, according of the terms of the license, which has been given by Kazakhstan government, to $116 m. A correspondent of KZ-today was informed about it by the company JV "Tenge". According to the company's information, maximum extraction is estimated at 633 th. barrels of oil in 24 hours by 2007. Exploitation wells fund will be 85 units. At that, about 20 wells will be enabled in drilling every year. JV "Tenge" was founded in November of 1993 By oil extracting industrial union "MangistauMunaiGas" and American company "Anglo-Dutch (Kazakh-Tenge) LLS" with market share 50%x50%. [2003-05-12]