A Middle East investment bank is looking to develop an energy hub at Kazakhstan's Caspian port of Aktau, according to reports.
The Gulf Finance House (GFH) has indicated its desire to be one of the largest foreign investors in Kazakhstan by constructing up to $10 billion worth of facilites at Aktau.
GFH is reported to be embarking on a partnership with local authorities to develop infrastructure designed to attract contractors, which would boost the traffic of oil-related equipment and materials.
The proposed energy hub "will play a significant role in supporting the government's plans to double oil production and triple natural gas production by 2015,” a GFH spokesman was quoted by Lloyd's List as saying.
The hub is slated to have marine terminal capabilities and berth-side depths are expected to be deepened.
As Aktau is the main sea gateway into Kazakhstan, “there will be synergies between the development of Aktau sea port and the development of the Caspian energy hub, which will increase the transit of traffic and facilitate trade,” the spokesman added.
While the development of Kazakhstan's northern Caspian offshore oilfields is currently a key focus for the nation, Lloyd's List says there are also plans to explore within the country's Caspian territory.
Meanwhile, GFH is reportedly also building similar energy hubs in port cities in Qatar, India and Libya, amid surging levels of oil-related investments globally.
The Gulf Finance House (GFH) has indicated its desire to be one of the largest foreign investors in Kazakhstan by constructing up to $10 billion worth of facilites at Aktau.
GFH is reported to be embarking on a partnership with local authorities to develop infrastructure designed to attract contractors, which would boost the traffic of oil-related equipment and materials.
The proposed energy hub "will play a significant role in supporting the government's plans to double oil production and triple natural gas production by 2015,” a GFH spokesman was quoted by Lloyd's List as saying.
The hub is slated to have marine terminal capabilities and berth-side depths are expected to be deepened.
As Aktau is the main sea gateway into Kazakhstan, “there will be synergies between the development of Aktau sea port and the development of the Caspian energy hub, which will increase the transit of traffic and facilitate trade,” the spokesman added.
While the development of Kazakhstan's northern Caspian offshore oilfields is currently a key focus for the nation, Lloyd's List says there are also plans to explore within the country's Caspian territory.
Meanwhile, GFH is reportedly also building similar energy hubs in port cities in Qatar, India and Libya, amid surging levels of oil-related investments globally.