Kazakhstan Orders Kashagan Oil Field Operator to Pay $6.6M Fine

Friday, January 10, 2025

A court in Kazakhstan has fined the operator of the giant Kashagan oilfield 3.5 billion tenge ($6.64 million) for environmental violations, such as excessive gas flaring, local media reported.

The group, which includes Shell, Eni, TotalEnergies and Exxon Mobil, did not immediately reply to a request for comment.

Kazakhstan has a history of large claims against foreign companies, which say the government uses these to increase its shares in oil and gas projects in what amounts to "resource nationalism".

Kazakhstan's authorities have rejected such criticism saying its aim is to rein in costs inflated by Western majors.

The country in 2023 launched claims over disputed costs against groups developing the Kashagan and Karachaganak oilfields worth over $13 billion and $3.5 billion, respectively.

($1 = 526.8500 tenge)


(Reuters - Reporting by Mariya Gordeyeva; writing by Vladimir Soldatkin; editing by Jason Neely)

Categories: Industry News Activity Europe Asia Oil and Gas

Related Stories

ADNOC Secures LNG Supply Deal with India's BPCL

Vår Energi Pre-Orders Subsea Systems to Accelerate Oil and Gas Developments

Japan's Mitsui Eyes Alaska LNG Project

Current News

SLB Names Raman CSO, CMO

ADNOC Drilling Seeks Ways to Refinance $1.25B Debt

MOL, Fukada to Collaborate on T&I Vessels for Floating Wind Turbines

RWE to Protect Thor’s Offshore Wind Foundations with Reused Covers

Subscribe for OE Digital E‑News