Kazakhs plan yard

Kazakhstan is planning a new shipyard to build offshore vessels.

State energy company KazMunaiGas has teamed up with Italian oil and gas group Eni to construct the first plant in the Mangistau region at Kuryk, it said.

A design budget will be drawn up within nine months.

Kazakh has 250 offshore vessels operating in its waters, but demand will grow should new fields be discovered.