The following video is from Tuesday's Digging for Value, in which host Alison Southwick and Motley Fool energy analysts, Taylor Muckerman and Joel South, get to the heart of the biggest stories in energy investing today.
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It's doubtful that a $40 billion oil and gas project is the first thing that comes to mind when Kazakhstan comes up in conversation. Perhaps that's because it wasn't mentioned in Sacha Baron Cohen's 2006 film, "Borat". The film came out just a year after the Kashagan oilfield project was supposed to come online.
Fast-forward eight years, and commercial production might finally take place. Some of the biggest oil titans in the world hold up to 16.8% stakes in the project, and, despite the oil's sour nature, this news couldn't be any sweeter for them. Tune in below for more details.
Despite projects like this, $100 barrels of oil are likely here to stay. With this in mind, let the Motley Fool guide your energy investments
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.