Kashagan

Oil Giants Win Key Arbitration Decisions in Kashagan Oil Field Dispute

29 days ago

In a recent turning point for major oil companies involved in Kazakhstan’s supergiant Kashagan oil field, favorable arbitration rulings have been passed down, reinforcing the interests of the investors in the ongoing dispute with the Kazakh government. This crucial development underscores the ongoing tensions between oil companies looking to maximize profits and governments seeking to assert control over their valuable natural resources.

Oil Majors Restart Talks with Kazakh State on $5 Billion Kashagan Sulfur Fine

6 months ago

In a move that many have anticipated, big oil companies have restarted negotiations with Kazakhstan over a disputed $5 billion fine levied against them for the flaring of sulfur at the gigantic Kashagan oil field. Such renegotiation will have potential implications for the big players in the oil industry and for environmental laws affecting the region.