ASSESSMENTS
Royal Dutch/Shell Leaves Major Kazakh Energy Project
May 29, 2011 | 12:57 GMT
STANISLAV FILIPPOV/AFP/Getty Images
Summary
Royal Dutch/Shell will close its offices in Kazakhstan on May 30 after withdrawing from the Kashagan oil field development project. Shell was the only member of the Kashagan consortium with the technical expertise needed to develop the field, which is located in an inhospitable environment. Unless a replacement firm is found, the project will remain frozen. This means Kazakhstan's oil production will remain flat, and the country will not be able to diversify its oil exports.
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