Russia and Kazakhstan seek compromise in Caspian fields development

KazMunayGas (KMG) and Russia's Lukoil are now trying to solve the issue of financing the further implementation of the Kalamkas-Sea and Khazar projects in Kazakhstan's sector of the Caspian Sea, head of the Kazakh state oil company Askhat Khassenov said.

"Today we have a constraining factor given sanctions and this is raising financing. We completed the design part to international standards. Now we need to solve the issue of raising financing. There are certain difficulties, but we're looking for possible options for a solution with our partner, with Lukoil," Khassenov said.