Published 16 days ago

Kazakhstan claims against Kashagan oil firms top $150 billion, Bloomberg reports

Kazakhstan has raised arbitration claims against oil majors over the Kashagan oilfield to over $150 billion, with a $138 billion claim for lost revenue added.
The government seeks to recoup lost revenue from Kashagan, estimating $138 billion due to unmet oil production promises by developers.
In 2023, Kazakhstan initiated court action against oil majors for $13 billion in costs for Kashagan and $3.5 billion for Karachaganak.

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Channel News Asia

Kazakhstan claims against Kashagan oil firms top $150 billion, Bloomberg reports

Kazakhstan has raised its arbitration claims against the international oil majors that developed the Kashagan oilfield to more than $150 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. Kazakhstan's energy minister said last year it was pressing ahead with $16.5 billi

16 days ago·Singapore

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Financial Post

Kazakhstan's Compensation Claims Against Kashagan Oil Firms Jump to $150 billion

(Bloomberg) — Kazakhstan has increased its arbitration claims against international oil companies that developed the Kashagan oil field to more than $150 billion, demanding compensation for lost revenue in addition to a dispute over costs, according to people familiar with the matter.

16 days ago·Canada

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Energy Voice

Kazakhstan’s compensation claims against Kashagan oil firms jump to $150 billion

Companies including Eni, Shell, ExxonMobil and TotalEnergies invested close to $55 billion to develop Kashagan The post Kazakhstan’s compensation claims against Kashagan oil firms jump to $150 billion appeared first on Energy Voice.

16 days ago·United Kingdom

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Oil Price

Kazakhstan’s Compensation Claim Against Big Oil Climbs to $150 Billion

Kazakhstan is seeking more than $150 billion in compensation from the oil majors developing its huge Kashagan oilfield, after adding a $138 billion claim for lost revenue to a previous claim of $15 billion over costs, anonymous sources with knowledge of the matter told Bloomberg on Wednesday. Kazakhstan already claims that it is owed as much as $16.5 billion by international oil majors for project costs in two of the biggest oilfield development…

16 days ago·London, United Kingdom

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Kazakhstan claims against Kashagan oil firms top $150 billion, Bloomberg reports

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Kazakhstan claims against Kashagan oil firms top $150 billion, Bloomberg reports

Kazakhstan claims against Kashagan oil firms top $150 billion, Bloomberg reports

Kazakhstan's Compensation Claims Against Kashagan Oil Firms Jump to $150 billion

Kazakhstan's Compensation Claims Against Kashagan Oil Firms Jump to $150 billion

Kazakhstan’s compensation claims against Kashagan oil firms jump to $150 billion

Kazakhstan’s compensation claims against Kashagan oil firms jump to $150 billion

Kazakhstan’s Compensation Claim Against Big Oil Climbs to $150 Billion

Kazakhstan’s Compensation Claim Against Big Oil Climbs to $150 Billion

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