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

Published

Kashagan field (Credit: TotalEnergies)
Kashagan field (Credit: TotalEnergies)

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)

Current News

New Chief Takes Reins at Dolphin Drilling

New Chief Takes Reins at Dolph

Israel Greenlights Major Natural Gas Deal with Egypt

Israel Greenlights Major Natur

Hydrasun to Supply Subsea Equipment for North Sea Oil and Gas Field

Hydrasun to Supply Subsea Equi

VARD Forms Research and Innovation Partnership with NORCE

VARD Forms Research and Innova

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine