Kazakhoil plans $100m issue of eurobonds and buy oil refinery in Italy

/IRBIS, Oct 3, 01/ - The GSRW informs that today, Kazakhoil CEO Nurlan Balgimbayev stated at the Oil and Gas Conference that the state owned company plans to issue $100m worth of eurobonds presumably this November. Mr.Balgimbayev says that the company will possibly invest in joint projects with KazTransOil for construction and modernization of the Kenkiyak-Atyrau and Kumkol-Dzhusaly pipelines. Next year Kaztransoil is planning to begin projects for development at offshore Caspian fields. Also, specialists of Kaztransoil are conducting a feasibility study for a purchase of a refinery in Italy to produce and market oil products made of Kazakh crude.