Global Oil Giants to Invest Up to $500 Million in Kazakhstan's New Oil Exploration

Major international oil and gas companies, including Shell, Chevron, Sinopec, and CNOOC, are considering investing up to $500 million in geological exploration for new oil fields in Kazakhstan's Caspian region. KazMunayGas is leading the initiative to form an international exploration consortium, aiming to commence operations by year-end.

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