UPDATE 1-New Kashagan pipes to cost over $3 bln, oil to flow in H2 2016 -official
November 05, 2014 at 08:27 AM EST
ASTANA, Nov 5 (Reuters) - The consortium developing Kazakhstan's giant Kashagan oilfield will have to spend more than $3 billion to replace faulty pipes before output at the deposit resumes in the second half of 2016, a senior Kazakh official said on Wednesday.