China’s Hong Kong–based Sino-Science Oil and Gas Co. Ltd., also known as Geo-Jade Petroleum, plans to produce up to 1 trillion cubic meters of natural gas from the Sozak field in southern Kazakhstan, according to Sultangali Kinzhakulov, CEO of Kazakh Invest.
Kinzhakulov said the project involves reinvesting profits earned by the Chinese company back into Kazakhstan. Development of the Sozak field is expected to continue through 2045.
Based on the investor’s projections, total tax and fee revenues from the field over its full life cycle could reach $5 billion by 2045. Geo-Jade Petroleum plans...