Oil Majors Lose Kazakh Field Dispute Worth as Much as $4 Billion
The oil majors that operate the Karachaganak field in Kazakhstan lost an international arbitration case, leaving them liable to pay as much as $4 billion in compensation to the country’s...
By Nariman Gizitdinov · Bloomberg Markets
The oil majors that operate the Karachaganak field in Kazakhstan lost an international arbitration case, leaving them liable to pay as much as $4 billion in compensation to the country’s government, according to people familiar with the matter.