EU ROUND UP
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is bankrolling the development of Kazakhstan's oil and gas reserves, a key alternative supply for the European Union (EU). It wants to lend Tasbulat Ltd Euro 60 million to help develop three medium-sized oil and gas fields in Mangistau region, western Kazakhstan, producing up to 8,000 barrels/day in 2006; Tasbulat is owned by SNP Petrom, Romania's national oil company. Meanwhile, the EBRD wants to lend Chinese-Kazakh joint venture JV MunaiTas Euro 70 million to cover 35 per cent of costs ...
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