Kazakhstan on Tuesday said it had begun international arbitration court proceedings against energy majors including ExxonMobil and Shell over $16.5 billion (15.2 billion euros) in costs deducted from the revenues from two oilfields. The government “has begun international arbitration against the Karachaganak and Kashagan (operating) companies,” Energy Minister Almasadam Satkaliev was quoted by the official news agency Kazinform.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Naveed Qamar rules out shortage of sugar in Pakistan

Minister for Commerce Naveed Qamar on Wednesday ruled out the shortage of…

Pakistan’s Exports to Afghanistan Decrease 25.68% in 2 months

ISLAMABAD, Oct 11 (APP): Pakistan’s exports of goods and services to Afghanistan…

Cryptoverse: Bitcoin gains conflict currency credentials

On March 1, it was reported that Bitcoin leapt since Russia’s Ukraine…

Japan’s Nissan quits Russian market

On October 11, the industry and trade ministry in Moscow laid bare…