A regional court in Kazakhstan has dismissed a claim of $5.1 billion brought by the Kazakh Environmental Protection Ministry against North Caspian Operating Company (NCOC), the operator of the largest offshore oil project in the country, Kashagan. The court’s ruling in favor of the consortium comprising supermajors, including ExxonMobil, was made public after hearings were held in May and June, Upstream reported on Wednesday. Kazakhstan’s massive oilfield Kashagan, which pumps around 400,000 barrels per day (bpd), is operated by…
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