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

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Turkey’s TPAO, Shell Partner for Offshore Exploration in Bulgaria

Equinor Drills Dry Well in Barents Sea

Current News

Ndungu Full-Field Starts Up Offshore Angola

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

AKOFS Offshore Inks New Vessel Deal with Petrobras

UK Trade Body Challenges Government View on North Sea Gas Decline

Subscribe for OE Digital E‑News