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Your email address will not be published.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

Emirates to start Dubai-Tel Aviv daily flights

Dubai: It emerged on Thursday that Emirates will be starting daily flights…