US EditionOil majors win $4.2 billion environmental dispute in Kazakh court – Oil & Gas 360
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Oil majors win $4.2 billion environmental dispute in Kazakh court – Oil & Gas 360
(World Oil)– Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2 billion at current exchange rates. “We welcome the Appellate Court’s decision which confirms the correctness of NCOC’s sulphur managemen
·Denver, United States
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