OREANDA-NEWS. On April 09, 2008 Board Chairman of Gulf Finance House Esam Y. Janahi and Chairman and CEO of PFC Energy International Vahan Zanoyan updated the President on the project’s features, reported the Official website www.akorda.kz.

The Caspian Energy Hub is going to be established in Aktau on the Caspian Sea coast. The project’s goal is to participate in the development of human resources in Kazakhstan and its economy by means of establishing a center of oil and gas industries in the Caspian region.

It is planned to establish a large center for training technical personnel and hiring staff for oil companies, which will include science and technology parks, laboratories of geophysical data, centers of information technologies, centers for studying environment and renewable energy sources.

“The President has approved this project. Our Kazakhstani partners will be Kazyna Fund of Sustainable Development, Samruk State Holding and Mangistau region’s office of governor,” Chairman and CEO of PFC Energy International Vahan Zanoyan said at a press briefing.

The Board Chairman of Gulf Finance House said that the companies had implemented such projects in Qatar, India and Lebanon.

“The Kazakhstani project is going to be implemented in 3-5 years. The total amount of investments will be equal to 10 billion dollars,” Esam Y. Janahi noted.