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

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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 developments in the country in the past decade, the Kashagan and Karachaganak oilfields. Kazakhstan,…

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